Getting an SBA Loan for Masonry Contractors

Looking for SBA loans for masonry contractors? Try the SBA. This $86,900 masonry contractors loan was issued by a North Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of Stanly, out of Albemarle, North Carolina. The loan was granted and they received $86,900 to help grow their Albemarle, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: MASONRY CONTRACTORS
ALBEMARLE, NC 28001

SBA Loan Lender

BANK OF STANLY
167 N 2ND ST
ALBEMARLE, NC 28001

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238140 - Masonry Contractors

Loan Approval Date

7/2/2004

Loan Approval Gross Amount

$86,900

Loan Approval from the SBA

Of the total $86,900 loan amount, the SBA guaranteed $43,450.

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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

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

Remember, 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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