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April 24, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Electric Power Generation Loan | ||||
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Delaware SBA Banks
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Wilmington, Delaware Lender Lends Money to Electric Power Generation CompanyFind Wilmington, Delaware banks that specialize in business loans and know how to work with entrepreneurs. Lehman Brothers Bank, Fsb is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Escondido, California starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Lehman Brothers Bank, Fsb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ELECTRIC POWER GENERATION SBA Loan Lender LEHMAN BROTHERS BANK, FSB Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 221119 - Electric Power Generation Loan Approval Date 9/7/2004 Loan Approval Gross Amount $1,444,500 Loan Approval from the SBA Of the total $1,444,500 loan amount, the SBA guaranteed $1,083,375. 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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lehman Brothers Bank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lehman Brothers Bank, Fsb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Wilmington, Delaware Banks for Small Business
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