Commercial Loans for Printed Circuit Assembly Manufacturing
With these commercial loans for printed circuit assembly manufacturing, the SBA guarantees the lender that the loan will be repaid. This printed circuit assembly manufacturing loan for $1,202,000 was given to a New Hampshire entrepreneur in 2002.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Milford, New Hampshire was able to borrow $1,202,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $901,500 of this New Hampshire small business loan.
SBA Loan Borrower
COMPANY TYPE: PRINTED CIRCUIT ASSEMBLY MANUFACTURING
MILFORD, NH 03055
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
334418 - Printed Circuit Assembly Manufacturing
Loan Approval Date
12/10/2002
Loan Approval Gross Amount
$1,202,000
Loan Approval from the SBA
Of the total $1,202,000 loan amount, the SBA guaranteed $901,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 27 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wachovia Sba Lending, Inc. 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.
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