Small Business Loans for Electrical Apparatus and Equipment, Wiring Supplies, and Construction Mater

Looking for small business loans for electrical apparatus and equipment, wiring supplies, and construction mater? Talk to a banker who works with the SBA. This $250,000 electrical apparatus and equipment, wiring supplies, and construction mater loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tulsa, Oklahoma was able to borrow $250,000 from Bank - Oklahoma. The SBA made the loan possible by guaranteeing $125,000 of this Oklahoma small business loan.

SBA Loan Borrower

H & R ELECTRIC SUPPLY LLC
5416 S 103RD E AVENUE
TULSA, OK 74146

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

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

421610 - Electrical Apparatus and Equipment, Wiring Supplies, and Construction Mater

Loan Approval Date

10/2/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower, H & R Electric Supply LLC, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. H & R Electric Supply LLC needed a loan. Bank - Oklahoma probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Oklahoma made the loan. The end result was that H & R Electric Supply LLC was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Dealing With Venture Capitalists

SBA 7A Banks in Tulsa, Oklahoma

SBA Lenders in Oklahoma

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