How to Get a Loan for Lighting Equipment Manufacturing

With these commercial loans for lighting equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This lighting equipment manufacturing loan for $40,000 was given to a Washington entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Spokane, Washington, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Banner Bank, based in Spokane, Washington.

SBA Loan Borrower

COMPANY TYPE: LIGHTING EQUIPMENT
SPOKANE, WA 99205

SBA Loan Lender

BANNER BANK
508 W 3RD AVE
SPOKANE, WA 99201

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3648 - Lighting Equipment

NAICS Code

335129 - Lighting Equipment Manufacturing

Loan Approval Date

4/7/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

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 17 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $40,000. How would you spend $40,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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SBA Banks in Spokane, Washington

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