SBA Loans for Electrical Contractors and Wiring Installation Contractors
Looking for SBA loans for electrical contractors and wiring installation contractors? The SBA may be the answer. This $50,000 electrical contractors and wiring installation contractors loan was issued by a Texas bank.
This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Randolph-Brooks Fcu, out of Universal City, Texas. The loan was granted and they received $50,000 to help grow their San Antonio, Texas business.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
SAN ANTONIO, TX 78258
SBA Loan Lender
RANDOLPH-BROOKS FCU
HARMON DR RANDOLPH AFB, BLDG
UNIVERSAL CITY, TX 78148
This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238210 - Electrical Contractors and Wiring Installation Contractors
Loan Approval Date
11/13/2007
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Randolph-Brooks Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
Business Cash Advances
Good Banks for Small Business in Universal City, Texas
SBA Lenders in Texas