Borrowing Money for Electrical Appliance, Television, and Radio Set Wholesalers

Looking for small business loans for electrical appliance, television, and radio set wholesalers? An SBA loan may be just what you've been looking for. This $500,000 electrical appliance, television, and radio set wholesalers loan was issued by an Indiana bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with National Bank - Indianapolis, out of Indianapolis, Indiana. The loan was granted and they received $500,000 to help grow their Indianapolis, Indiana business.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL APPLIANCES, TELEVISION AND RADIO SETS
INDIANAPOLIS, IN 46256

SBA Loan Lender

NATIONAL BANK - INDIANAPOLIS
107 N PENNSYLVANIA ST
INDIANAPOLIS, IN 46204

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5064 - Electrical Appliances, Television and Radio Sets

NAICS Code

421620 - Electrical Appliance, Television, and Radio Set Wholesalers

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 9 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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