Electrical Contractors and Wiring Installation Contractors Small Business Loans

Looking for small business loans for electrical contractors and wiring installation contractors? Talk to a banker who works with the SBA. This $260,000 electrical contractors and wiring installation contractors loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Elk Grove, California, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First U S Community Cu, based in Sacramento, California.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
ELK GROVE, CA 95624

SBA Loan Lender

FIRST U S COMMUNITY CU
580 UNIVERSITY AVE
SACRAMENTO, CA 95825

This business 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

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 8 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First U S Community Cu 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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