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May 17, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Wilson, Business Loans > Cornerstone Bank Wilson Business Loans > Electrical Work Loan | ||||
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How to Get SBA Loans in Wilson, North Carolina
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Getting an SBA Loan for Electrical ContractorsLooking for business loans for electrical contractors? An SBA loan may be just what you've been looking for. This $100,000 electrical contractors loan was issued by a North Carolina bank. This business knew how to go about getting a business bank loan. Based in Wilson, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Cornerstone Bank, based in Wilson, North Carolina. SBA Loan Borrower COMPANY TYPE: ELECTRICAL WORK SBA Loan Lender CORNERSTONE BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1731 - Electrical Work NAICS Code 235310 - Electrical Contractors Loan Approval Date 5/7/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 9 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in Wilson, North Carolina
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