Business Loans for Audio and Video Equipment Manufacturing

Looking for business loans for audio and video equipment manufacturing? An SBA loan may be just what you've been looking for. This $254,000 audio and video equipment manufacturing loan was issued by a New York bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Watertown Savings Bank, out of Watertown, New York. The loan was granted and they received $254,000 to help grow their Watertown, New York business.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD AUDIO AND VIDEO EQUIPMENT
WATERTOWN, NY 13601

SBA Loan Lender

WATERTOWN SAVINGS BANK
111 CLINTON ST
WATERTOWN, NY 13601

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3651 - Household Audio and Video Equipment

NAICS Code

334310 - Audio and Video Equipment Manufacturing

Loan Approval Date

8/22/2001

Loan Approval Gross Amount

$254,000

Loan Approval from the SBA

Of the total $254,000 loan amount, the SBA guaranteed $190,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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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