Get an SBA Loan for Communication and Energy Wire Manufacturing
Looking for bank loans for communication and energy wire manufacturing? An SBA loan may be just what you've been looking for. This $143,000 communication and energy wire manufacturing loan was issued by an Idaho bank.
This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Sterling Savings Bank, out of Lewiston, Idaho. The loan was granted and they received $143,000 to help grow their Spokane, Washington business.
SBA Loan Borrower
COMPANY TYPE: COMMUNICATION AND ENERGY WIRE MANUFACTURING
SPOKANE, WA 99216
SBA Loan Lender
STERLING SAVINGS BANK
920 MAIN ST
LEWISTON, ID 83501
When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to provide fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
335929 - Communication and Energy Wire Manufacturing
Loan Approval Date
1/10/2002
Loan Approval Gross Amount
$143,000
Loan Approval from the SBA
Of the total $143,000 loan amount, the SBA guaranteed $121,550.
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 20 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
The Art of Bootstrapping
Banks in Lewiston, Idaho
SBA Idaho Banks