SBA Loans for Consumer Electronics Repair and Maintenance

With these SBA loans for consumer electronics repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This consumer electronics repair and maintenance loan for $21,500 was given to a Maryland entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Ellicott City, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Manufacturers & Traders Trust, based in Baltimore, Maryland.

SBA Loan Borrower

COMPANY TYPE: CONSUMER ELECTRONICS REPAIR AND MAINTENANCE
ELLICOTT CITY, MD 21042

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811211 - Consumer Electronics Repair and Maintenance

Loan Approval Date

1/24/2001

Loan Approval Gross Amount

$21,500

Loan Approval from the SBA

Of the total $21,500 loan amount, the SBA guaranteed $10,750.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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