Getting an SBA Loan for Electronic Coil, Transformer, and Inductor Manufacturing

With these SBA loans for electronic coil, transformer, and inductor manufacturing, the SBA guarantees the lender that the loan will be repaid. This electronic coil, transformer, and inductor manufacturing loan for $242,765 was given to a Washington entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Otis Orchards, Washington, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was State Bank Northwest, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COIL, TRANSFORMER, AND INDUCTOR MANUFACTURING
OTIS ORCHARDS, WA 99027

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGE AVE
SPOKANE, WA 99216

This loan for a small business was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334416 - Electronic Coil, Transformer, and Inductor Manufacturing

Loan Approval Date

4/3/2002

Loan Approval Gross Amount

$242,765

Loan Approval from the SBA

Of the total $242,765 loan amount, the SBA guaranteed $182,074.

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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Equity Financing

SBA Banks in Spokane, Washington

Washington SBA Bank Lenders