Borrowing Money for Commercial and Industrial Electric Lighting Fixture Manufacturing

Looking for loans for commercial and industrial electric lighting fixture manufacturing? Try the SBA. This $394,500 commercial and industrial electric lighting fixture manufacturing loan was issued by a South Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of Sioux Falls, South Dakota. The loan was granted and they received $394,500 to help grow their Davenport, Iowa business.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL, INDUSTRIAL, INSTITUTIONAL ELECTRIC LIG
DAVENPORT, IA 52802

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3646 - Commercial, Industrial, Institutional Electric Lig

NAICS Code

335122 - Commercial and Industrial Electric Lighting Fixture Manufacturing

Loan Approval Date

6/2/2000

Loan Approval Gross Amount

$394,500

Loan Approval from the SBA

Of the total $394,500 loan amount, the SBA guaranteed $295,875.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Role of Business Plan When Raising Money

Good Banks for Small Business in Sioux Falls, South Dakota

South Dakota SBA 7A Lenders