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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Andrews, Business Loans > Commercial State Bank Andrews Business Loans > Highway And Street Construction Loan | ||||
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Business Loans for Big Spring Small Businesses
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Business Loans for Highway and Street ConstructionLooking for business loans for highway and street construction? Try the SBA. This $600,000 highway and street construction loan was issued by a Texas bank. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Commercial State Bank, out of Andrews, Texas. The loan was granted and they received $600,000 to help grow their Big Spring, Texas business. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender COMMERCIAL STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1611 - Highway and Street Construction NAICS Code 234110 - Highway and Street Construction Loan Approval Date 8/18/2005 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Big Spring or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: How Much Venture Capital Is There? Good Banks for Small Business in Andrews, Texas
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