Business Loans for Electronic Component Manufacturing

Looking for business loans for electronic component manufacturing? The SBA may be the answer. This $500,000 electronic component manufacturing loan was issued by a New York bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Nbt Bank, National Association, out of Norwich, New York. The loan was granted and they received $500,000 to help grow their Binghamton, New York business.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPONENTS
BINGHAMTON, NY 13901

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
52 S BROAD ST
NORWICH, NY 13815

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

3679 - Electronic Components

NAICS Code

334419 - Electronic Component Manufacturing

Loan Approval Date

1/24/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 65 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $500,000. How would you spend $500,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Understanding Dilution

SBA Participating Banks in Norwich, New York

New York SBA Bank Lenders