Financing for Audio and Video Equipment Manufacturing

Looking for loans for audio and video equipment manufacturing? An SBA loan may be just what you've been looking for. This $75,000 audio and video equipment manufacturing loan was issued by a Delaware bank.

This company knew how to go about getting a business bank loan. Based in Bear, Delaware, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wilmington Trust Company, based in Wilmington, Delaware.

SBA Loan Borrower

COMPANY TYPE: AUDIO AND VIDEO EQUIPMENT MANUFACTURING
BEAR, DE 19701

SBA Loan Lender

WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

334310 - Audio and Video Equipment Manufacturing

Loan Approval Date

12/8/2006

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

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 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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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