Raising Money for Lighting Equipment Manufacturing

With these business loans for lighting equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This lighting equipment manufacturing loan for $99,000 was given to an Iowa entrepreneur in 2007.

Getting a small business loan in Cedar Rapids, Iowa was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First Chatham Bank, operating out of Savannah, Georgia. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: LIGHTING EQUIPMENT MANUFACTURING
CEDAR RAPIDS, IA 52404

SBA Loan Lender

FIRST CHATHAM BANK
111 BARNARD ST
SAVANNAH, GA 31401

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335129 - Lighting Equipment Manufacturing

Loan Approval Date

7/2/2007

Loan Approval Gross Amount

$99,000

Loan Approval from the SBA

Of the total $99,000 loan amount, the SBA guaranteed $84,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Loan

Find an SBA Lender in Savannah, Georgia

Getting a Business Loan in Georgia