Getting an SBA Loan for Excavation Contractors

Looking for business loans for excavation contractors? An SBA loan may be just what you've been looking for. This $42,800 excavation contractors loan was issued by a Pennsylvania bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Commonwealth Bank, out of Hollidaysburg, Pennsylvania. The loan was granted and they received $42,800 to help grow their Alexandria, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
ALEXANDRIA, PA 16611

SBA Loan Lender

FIRST COMMONWEALTH BANK
RTE 220 & N JUNIATA ST
HOLLIDAYSBURG, PA 16648

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

5/8/2002

Loan Approval Gross Amount

$42,800

Loan Approval from the SBA

Of the total $42,800 loan amount, the SBA guaranteed $36,380.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

Related Links:

Raising Venture Capital

Best Banks in Hollidaysburg, Pennsylvania

Getting an SBA Loan in Pennsylvania