Commercial Loans for Excavation Contractors

Looking for commercial loans for excavation contractors? An SBA loan may be just what you've been looking for. This $195,700 excavation contractors loan was issued by an Idaho bank.

This business knew how to go about getting a business bank loan. Based in Boise, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Idaho Banking Company, based in Boise, Idaho.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
BOISE, ID 83704

SBA Loan Lender

IDAHO BANKING COMPANY
6010 FAIRVIEW AVE
BOISE, ID 83704

This SBA 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

1794 - Excavation Work

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

7/21/2005

Loan Approval Gross Amount

$195,700

Loan Approval from the SBA

Of the total $195,700 loan amount, the SBA guaranteed $146,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 $195,700 loan. Remember, feel the fear, and do it anyway.

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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