Bank Loans for Current-Carrying Wiring Device Manufacturing

With these bank 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 $200,000 was given to an Ohio entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Eastlake, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was National City Bank, based in Indianapolis, Indiana.

SBA Loan Borrower

COMPANY TYPE: CURRENT-CARRYING WIRING DEVICES
EASTLAKE, OH 44095

SBA Loan Lender

NATIONAL CITY BANK
101 W WASHINGTON ST # 100 E
INDIANAPOLIS, IN 46255

This commercial 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

3643 - Current-Carrying Wiring Devices

NAICS Code

335931 - Current-Carrying Wiring Device Manufacturing

Loan Approval Date

7/7/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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.

Related Links:

Debt Financing

SBA Participating Banks in Indianapolis, Indiana

Indiana SBA Banks