Raising Money for Electrical Contractors and Wiring Installation Contractors

With these bank loans for electrical contractors and wiring installation contractors, the SBA guarantees the lender that the loan will be repaid. This electrical contractors and wiring installation contractors loan for $373,100 was given to a Nebraska entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fordyce, Nebraska was able to borrow $373,100 from Bankfirst. The SBA made the loan possible by guaranteeing $279,825 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
FORDYCE, NE 68736

SBA Loan Lender

BANKFIRST
100 N 13TH ST
NORFOLK, NE 68701

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1711 - Plumbing, Heating, and Air-Conditioning

NAICS Code

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

8/30/2005

Loan Approval Gross Amount

$373,100

Loan Approval from the SBA

Of the total $373,100 loan amount, the SBA guaranteed $279,825.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $373,100. How would you spend $373,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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