Commercial Loans for Electrical Contractors and Wiring Installation Contractors

Looking for commercial loans for electrical contractors and wiring installation contractors? Try the SBA. This $612,000 electrical contractors and wiring installation contractors loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lee's Summit, Missouri was able to borrow $612,000 from First National Bank - Missouri. The SBA made the loan possible by guaranteeing $459,000 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
LEE'S SUMMIT, MO 64064

SBA Loan Lender

FIRST NATIONAL BANK - MISSOURI
609 N M-291 HWY
LEE'S SUMMIT, MO 64086

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

SIC Code

1731 - Electrical Work

NAICS Code

238210 - Electrical Contractors and Wiring Installation Contractors

Loan Approval Date

12/13/2005

Loan Approval Gross Amount

$612,000

Loan Approval from the SBA

Of the total $612,000 loan amount, the SBA guaranteed $459,000.

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 14 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Missouri that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Angel Investors

SBA Approved Banks in Lee's Summit, Missouri

Missouri SBA 7A Lenders