Getting an SBA Loan for Electrical Contractors and Wiring Installation Contractors
Looking for SBA loans for electrical contractors and wiring installation contractors? Try the SBA. This $69,000 electrical contractors and wiring installation contractors loan was issued by a Minnesota bank.
This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Lowry State Bank, out of Lowry, Minnesota. The loan was granted and they received $69,000 to help grow their Starbuck, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
STARBUCK, MN 56381
SBA Loan Lender
LOWRY STATE BANK
400 FLORENCE AVE
LOWRY, MN 56349
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
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
8/26/2004
Loan Approval Gross Amount
$69,000
Loan Approval from the SBA
Of the total $69,000 loan amount, the SBA guaranteed $58,650.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $69,000 loan. Remember, feel the fear, and do it anyway.
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:
Raising Venture Capital
SBA 7A Banks for Lowry, Minnesota Loans
Getting an SBA Loan in Minnesota