Where to Get Capital for Electrical Contractors

With these SBA loans for electrical contractors, the SBA guarantees the lender that the loan will be repaid. This electrical contractors loan for $300,000 was given to a Connecticut entrepreneur in 2000.

Getting a small business loan in North Haven, Connecticut was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from The Huntington National Bank, operating out of Indianapolis, Indiana. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
NORTH HAVEN, CT 06473

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
45 N PENNSYLVANIA ST
INDIANAPOLIS, IN 46204

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1731 - Electrical Work

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

12/27/2000

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 50 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in North Haven CT, you ought to talk with a local North Haven SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Haven businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $300,000 loan. Remember, things become real when you believe you can achieve them!

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:

Financing Your Business

Where to Get an SBA Loan in Indianapolis, Indiana

Indiana SBA 7A Lenders