Getting an SBA Loan for Electronic Component Manufacturing

With these business loans for electronic component manufacturing, the SBA guarantees the lender that the loan will be repaid. This electronic component manufacturing loan for $225,000 was given to a Maryland entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Frederick, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The Columbia Bank, based in Greenbelt, Maryland.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPONENTS
FREDERICK, MD 21704

SBA Loan Lender

THE COLUMBIA BANK
7505 GREENWAY CENTER DR
GREENBELT, MD 20770

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3679 - Electronic Components

NAICS Code

334419 - Electronic Component Manufacturing

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 41 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 41 existing jobs.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Columbia Bank and they will explain how you can get an SBA loan for your company.

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:

SBIR Funding

Where to Get an SBA Loan in Greenbelt, Maryland

SBA Lenders in Maryland