Getting an SBA Loan for Electrical Contractors

Looking for commercial loans for electrical contractors? Talk to a banker who works with the SBA. This $13,400 electrical contractors loan was issued by a Connecticut bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brookfield, Connecticut was able to borrow $13,400 from Union Savings Bank. The SBA made the loan possible by guaranteeing $6,700 of this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL CONTRACTORS
BROOKFIELD, CT 06804

SBA Loan Lender

UNION SAVINGS BANK
225 MAIN ST
DANBURY, CT 06810

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

235310 - Electrical Contractors

Loan Approval Date

5/26/2005

Loan Approval Gross Amount

$13,400

Loan Approval from the SBA

Of the total $13,400 loan amount, the SBA guaranteed $6,700.

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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $13,400. How would you spend $13,400 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:

Financing Your Business

Small Business Banks in Danbury, Connecticut

Connecticut SBA 7A Banks