Financing for Electrical Apparatus, Equipment, Wiring Supplies and Construction Materials

Looking for loans for electrical apparatus, equipment, wiring supplies and construction materials? An SBA loan may be just what you've been looking for. This $50,000 electrical apparatus, equipment, wiring supplies and construction materials loan was issued by a New York bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Citibank, out of New York City, New York. The loan was granted and they received $50,000 to help grow their Smithtown, New York business.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WIRING SUPPLIES
SMITHTOWN, NY 11787

SBA Loan Lender

CITIBANK
120 BROADWAY
NEW YORK CITY, NY 10271

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5063 - Electrical Wiring Supplies

NAICS Code

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

Loan Approval Date

5/12/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 $50,000 loan. Remember, fight for what you want, and it will be yours!

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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