Getting an SBA Loan for Roofing Contractors

Looking for business loans for roofing contractors? Talk to a banker who works with the SBA. This $725,325 roofing contractors loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belleville, Illinois was able to borrow $725,325 from Peoples National Bank. The SBA made the loan possible by guaranteeing $543,994 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL WORK
BELLEVILLE, IL 62220

SBA Loan Lender

PEOPLES NATIONAL BANK
400 E BROADWAY
CENTRALIA, IL 62801

This business 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

1761 - Roofing, Siding, and Sheet Metal Work

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$725,325

Loan Approval from the SBA

Of the total $725,325 loan amount, the SBA guaranteed $543,994.

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 64 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Peoples National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Peoples National Bank made the loan. The end result was that this firm 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 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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