Getting an SBA Loan for Electrical Contractors

With these SBA loans for electrical contractors, the SBA guarantees the lender that the loan will be repaid. This electrical contractors loan for $256,000 was given to a Wisconsin entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Mequon, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was M&i Marshall & Ilsley Bank, based in Germantown, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
MEQUON, WI 53092

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
W156 N11150 PILGRIM RD
GERMANTOWN, WI 53022

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

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

5/1/2001

Loan Approval Gross Amount

$256,000

Loan Approval from the SBA

Of the total $256,000 loan amount, the SBA guaranteed $192,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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