Business Loans for Electrical Appliance, Television, and Radio Set Wholesalers

With these business loans for electrical appliance, television, and radio set wholesalers, the SBA guarantees the lender that the loan will be repaid. This electrical appliance, television, and radio set wholesalers loan for $86,800 was given to a New York entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Campbell, New York, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community Bank, based in Olean, New York.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL APPLIANCE, TELEVISION, AND RADIO SET WHOLESALERS
CAMPBELL, NY 14821

SBA Loan Lender

COMMUNITY BANK
201 N UNION ST
OLEAN, NY 14760

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421620 - Electrical Appliance, Television, and Radio Set Wholesalers

Loan Approval Date

3/12/2007

Loan Approval Gross Amount

$86,800

Loan Approval from the SBA

Of the total $86,800 loan amount, the SBA guaranteed $73,780.

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 6 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $86,800. How would you spend $86,800 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:

Bank Credit Lines

SBA Banks in Olean, New York

New York SBA 7A Banks