Where to Get Capital for Electric Lamp Bulb and Part Manufacturing

Looking for small business loans for electric lamp bulb and part manufacturing? The SBA may be the answer. This $320,000 electric lamp bulb and part manufacturing loan was issued by a North Carolina bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Communityone Bank, out of Hickory, North Carolina. The loan was granted and they received $320,000 to help grow their Hickory, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: ELECTRIC LAMP BULB AND PART MANUFACTURING
HICKORY, NC 28602

SBA Loan Lender

COMMUNITYONE BANK
1039 2ND ST NE
HICKORY, NC 28601

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335110 - Electric Lamp Bulb and Part Manufacturing

Loan Approval Date

6/28/2004

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Communityone Bank 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.

Related Links:

Financing Your Business

SBA 7A Banks for Hickory, North Carolina Loans

SBA Lenders in North Carolina