Business Loans for Current-Carrying Wiring Device Manufacturing

With these business loans for current-carrying wiring device manufacturing, the SBA guarantees the lender that the loan will be repaid. This current-carrying wiring device manufacturing loan for $860,000 was given to a Tennessee entrepreneur in 2001.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Greenbank, out of Clarksville, Tennessee. The loan was granted and they received $860,000 to help grow their Columbia, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: CURRENT-CARRYING WIRING DEVICES
COLUMBIA, TN 37050

SBA Loan Lender

GREENBANK
25 JEFFERSON ST
CLARKSVILLE, TN 37040

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3643 - Current-Carrying Wiring Devices

NAICS Code

335931 - Current-Carrying Wiring Device Manufacturing

Loan Approval Date

1/10/2001

Loan Approval Gross Amount

$860,000

Loan Approval from the SBA

Of the total $860,000 loan amount, the SBA guaranteed $645,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 70 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Greenbank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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