Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials Commercial Loans

With these commercial loans for electrical apparatus, equipment, wiring supplies and construction materials, the SBA guarantees the lender that the loan will be repaid. This electrical apparatus, equipment, wiring supplies and construction materials loan for $150,000 was given to a Pennsylvania entrepreneur in 2003.

Getting a small business loan in Pittsburgh, Pennsylvania was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Fidelity Savings Bank D/b/a Fide, operating out of Pittsburgh, Pennsylvania. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WIRING SUPPLIES
PITTSBURGH, PA 15201

SBA Loan Lender

FIDELITY SAVINGS BANK D/B/A FIDE
1009 PERRY HWY
PITTSBURGH, PA 15237

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5063 - Electrical Wiring Supplies

NAICS Code

421610 - Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials

Loan Approval Date

8/13/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fidelity Savings Bank D/b/a Fide had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fidelity Savings Bank D/b/a Fide made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 - Friends and Family

SBA Banks in Pittsburgh, Pennsylvania

SBA Lenders in Pennsylvania