Where to Get Capital for Noncurrent-Carrying Wiring Device Manufacturing

Looking for small business loans for noncurrent-carrying wiring device manufacturing? Try the SBA. This $350,000 noncurrent-carrying wiring device manufacturing loan was issued by a Tennessee bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Greenbank, out of Murfreesboro, Tennessee. The loan was granted and they received $350,000 to help grow their Woodbury, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: NONCURRENT-CARRYING WIRING DEVICES
WOODBURY, TN 37190

SBA Loan Lender

GREENBANK
372 W NORTHFIELD BLVD
MURFREESBORO, TN 37129

This bank 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

3644 - Noncurrent-Carrying Wiring Devices

NAICS Code

335932 - Noncurrent-Carrying Wiring Device Manufacturing

Loan Approval Date

2/8/2002

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Greenbank and they will explain how you can get an SBA loan for your company.

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:

Debt Financing

SBA 7A Banks in Murfreesboro, Tennessee

Getting an SBA Loan in Tennessee