Where to Get Capital for Electrical Contractors
Looking for SBA loans for electrical contractors? Talk to a banker who works with the SBA. This $205,000 electrical contractors loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Charlotte, North Carolina was able to borrow $205,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $153,750 of this North Carolina small business loan.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL WORK
CHARLOTTE, NC 28273
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
This 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.
SIC Code
1731 - Electrical Work
NAICS Code
235310 - Electrical Contractors
Loan Approval Date
3/21/2001
Loan Approval Gross Amount
$205,000
Loan Approval from the SBA
Of the total $205,000 loan amount, the SBA guaranteed $153,750.
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 11 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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 company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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