Getting an SBA Loan for Hydroelectric Power Generation

Looking for business loans for hydroelectric power generation? Talk to a banker who works with the SBA. This $1,000,000 hydroelectric power generation loan was issued by a North Carolina bank.

Getting a small business loan in Madison, North Carolina was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Communityone Bank, operating out of Graham, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: HYDROELECTRIC POWER GENERATION
MADISON, NC 27253

SBA Loan Lender

COMMUNITYONE BANK
1128 S MAIN ST
GRAHAM, NC 27253

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

221111 - Hydroelectric Power Generation

Loan Approval Date

10/5/2001

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - Friends and Family

SBA 7A Banks in Graham, North Carolina

Getting an SBA Loan in North Carolina