Bank Loans for Current-Carrying Wiring Device Manufacturing

Looking for bank loans for current-carrying wiring device manufacturing? Talk to a banker who works with the SBA. This $185,000 current-carrying wiring device manufacturing loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Solon, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Liberty Bank, based in Twinsburg, Ohio.

SBA Loan Borrower

COMPANY TYPE: CURRENT-CARRYING WIRING DEVICE MANUFACTURING
SOLON, OH 44139

SBA Loan Lender

LIBERTY BANK
2351 EDISON BLVD
TWINSBURG, OH 44087

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335931 - Current-Carrying Wiring Device Manufacturing

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 26 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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