Bank Loans for Electrical Contractors and Wiring Installation Contractors

Looking for bank loans for electrical contractors and wiring installation contractors? Try the SBA. This $165,800 electrical contractors and wiring installation contractors loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Amarillo, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was First United Bank, based in Amarillo, Texas.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
AMARILLO, TX 79118

SBA Loan Lender

FIRST UNITED BANK
ONE FIRST UNITED BANK PKWY
AMARILLO, TX 79119

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

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

6/27/2006

Loan Approval Gross Amount

$165,800

Loan Approval from the SBA

Of the total $165,800 loan amount, the SBA guaranteed $124,350.

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 17 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First United Bank and they will explain how you can get an SBA loan for your company.

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:

Small Business Credit Cards

SBA 7A Lenders in Amarillo, Texas

Find an SBA Lender in Texas