Business Loan from Artisans' Bank Given to Elevators And Moving Stairways Company

Artisans' Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Delaware entrepreneur was able to get a loan to take a small business to the next level.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Artisans' Bank, out of Wilmington, Delaware. The loan was granted and they received $100,000 to help grow their Newark, Delaware business.

SBA Loan Borrower

COMPANY TYPE: ELEVATORS AND MOVING STAIRWAYS
NEWARK, DE 09702

SBA Loan Lender

ARTISANS' BANK
223 W NINTH ST
WILMINGTON, DE 19801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3534 - Elevators and Moving Stairways

NAICS Code

333921 - Elevator and Moving Stairway Manufacturing

Loan Approval Date

3/19/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Related Links:

Obtaining Funding - How to Borrow Money

Small Bank Loans in Wilmington, Delaware

SBA Lenders in Delaware