Electronic Coil, Transformer, and Inductor Manufacturing Business Loans

With these business loans for electronic coil, transformer, and inductor manufacturing, the SBA guarantees the lender that the loan will be repaid. This electronic coil, transformer, and inductor manufacturing loan for $450,000 was given to a Pennsylvania entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairview, Pennsylvania was able to borrow $450,000 from National City Bank. The SBA made the loan possible by guaranteeing $337,500 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COILS AND TRANSFORMERS
FAIRVIEW, PA 16415

SBA Loan Lender

NATIONAL CITY BANK
801 STATE ST
ERIE, PA 16501

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3677 - Electronic Coils and Transformers

NAICS Code

334416 - Electronic Coil, Transformer, and Inductor Manufacturing

Loan Approval Date

6/12/2000

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 104 employees. The SBA loan application for the borrower indicated that the loan would help retain 104 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

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.

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