Electronic and Precision Equipment Repair and Maintenance Business Loans

With these business loans for electronic and precision equipment repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This electronic and precision equipment repair and maintenance loan for $100,000 was given to a California entrepreneur in 2005.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank Of America, out of Charlotte, North Carolina. The loan was granted and they received $100,000 to help grow their Walnut, California business.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC AND PRECISION EQUIPMENT REPAIR AND MAINTENANCE
WALNUT, CA 91789

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

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

NAICS Code

811219 - Electronic and Precision Equipment Repair and Maintenance

Loan Approval Date

2/24/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

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

If you want money for new small business in Walnut CA, you ought to talk with a local Walnut SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Walnut businesses.

We can help you find the best banks for small businesses in Walnut or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 Friends and Family Network

SBA 7A Banks for Charlotte, North Carolina Loans

Getting an SBA Loan in North Carolina