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May 17, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Easton, Business Loans > Easton Bank And Trust Company Easton Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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SBA Lender Denton Maryland
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How to Get a Loan for Electrical Contractors and Wiring Installation ContractorsLooking for business loans for electrical contractors and wiring installation contractors? Try the SBA. This $90,000 electrical contractors and wiring installation contractors loan was issued by a Maryland bank. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Easton Bank And Trust Company, out of Easton, Maryland. The loan was granted and they received $90,000 to help grow their Denton, Maryland business. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender EASTON BANK AND TRUST COMPANY This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 8/14/2007 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $45,000. 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Easton Bank And Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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