Commercial Loans for Communication and Energy Wire Manufacturing

Looking for commercial loans for communication and energy wire manufacturing? The SBA may be the answer. This $446,000 communication and energy wire manufacturing loan was issued by a Washington bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Global Cu, out of Spokane, Washington. The loan was granted and they received $446,000 to help grow their Spokane, Washington business.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATION AND ENERGY WIRE MANUFACTURING
SPOKANE, WA 99202

SBA Loan Lender

GLOBAL CU
1520 W 3RD AVE
SPOKANE, WA 99204

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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.

NAICS Code

335929 - Communication and Energy Wire Manufacturing

Loan Approval Date

12/20/2007

Loan Approval Gross Amount

$446,000

Loan Approval from the SBA

Of the total $446,000 loan amount, the SBA guaranteed $334,500.

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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Global Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Global Cu 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:

Getting a Small Business Loan

SBA Participating Banks in Spokane, Washington

SBA Lenders in Washington