Electrical Equipment and Component Manufacturing Loans

With these loans for electrical equipment and component manufacturing, the SBA guarantees the lender that the loan will be repaid. This electrical equipment and component manufacturing loan for $684,500 was given to a Nebraska entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in Columbus, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bankfirst, based in Columbus, Nebraska.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL INDUSTRIAL APPARATUS
COLUMBUS, NE 68601

SBA Loan Lender

BANKFIRST
1371 26TH AVE
COLUMBUS, NE 68601

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3629 - Electrical Industrial Apparatus

NAICS Code

335999 - Electrical Equipment and Component Manufacturing

Loan Approval Date

4/30/2003

Loan Approval Gross Amount

$684,500

Loan Approval from the SBA

Of the total $684,500 loan amount, the SBA guaranteed $513,375.

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 22 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bankfirst 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.

Related Links:

Small Business Credit Cards

SBA 7A Banks for Columbus, Nebraska Loans

SBA Lenders in Nebraska