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May 9, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Current-Carrying Wiring Device Manufacturing Loan | ||||
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Raising Money in Rocky Mount, North Carolina With SBA Loans
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Current-Carrying Wiring Device Manufacturing Small Business LoansLooking for small business loans for current-carrying wiring device manufacturing? Talk to a banker who works with the SBA. This $855,000 current-carrying wiring device manufacturing loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rocky Mount, North Carolina was able to borrow $855,000 from Ge Cap. Small Business Finan Corp. The SBA made the loan possible by guaranteeing $641,250 of this North Carolina small business loan. SBA Loan Borrower COMPANY TYPE: CURRENT-CARRYING WIRING DEVICE MANUFACTURING SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 335931 - Current-Carrying Wiring Device Manufacturing Loan Approval Date 3/20/2002 Loan Approval Gross Amount $855,000 Loan Approval from the SBA Of the total $855,000 loan amount, the SBA guaranteed $641,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 146 employees. The SBA loan application for the borrower indicated that the loan would help retain 146 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Ge Cap. Small Business Finan Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in St. Louis, Missouri
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