Raising Money for Electronic Connector Manufacturing
Looking for business loans for electronic connector manufacturing? Talk to a banker who works with the SBA. This $82,200 electronic connector manufacturing loan was issued by an Idaho bank.
This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of The Cascades, out of Boise, Idaho. The loan was granted and they received $82,200 to help grow their Meridian, Idaho business.
SBA Loan Borrower
COMPANY TYPE: ELECTRONIC CONNECTOR MANUFACTURING
MERIDIAN, ID 83680
SBA Loan Lender
BANK OF THE CASCADES
121 N 9TH ST, STE 200
BOISE, ID 83702
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
334417 - Electronic Connector Manufacturing
Loan Approval Date
5/9/2002
Loan Approval Gross Amount
$82,200
Loan Approval from the SBA
Of the total $82,200 loan amount, the SBA guaranteed $69,870.
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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
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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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