Getting an SBA Loan for Masonry and Stone Contractors

With these commercial loans for masonry and stone contractors, the SBA guarantees the lender that the loan will be repaid. This masonry and stone contractors loan for $174,200 was given to a Texas entrepreneur in 2004.

Getting a small business loan in Amarillo, Texas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First State Bank, operating out of Miami, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MASONRY, STONE SETTING, AND OTHER STONE WORK
AMARILLO, TX 79119

SBA Loan Lender

FIRST STATE BANK
100 S MAIN
MIAMI, TX 79059

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

1741 - Masonry, Stone Setting, and Other Stone Work

NAICS Code

235410 - Masonry and Stone Contractors

Loan Approval Date

9/23/2004

Loan Approval Gross Amount

$174,200

Loan Approval from the SBA

Of the total $174,200 loan amount, the SBA guaranteed $130,650.

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 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $174,200 loan. Remember, fight for what you want, and it will be yours!

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:

Role of Business Plan When Raising Money

SBA 7A Banks in Miami, Texas

Texas SBA 7A Lenders