Electrical Contractors Commercial Loans

Looking for commercial loans for electrical contractors? An SBA loan may be just what you've been looking for. This $80,000 electrical contractors loan was issued by an Alaska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wasilla, Alaska was able to borrow $80,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $68,000 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL CONTRACTORS
WASILLA, AK 99654

SBA Loan Lender

WELLS FARGO BANK
581 W PARKS HWY
WASILLA, AK 99654

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

4/26/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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