Where to Get Capital for Crushed and Broken Stone Mining and Quarrying

With these small business loans for crushed and broken stone mining and quarrying, the SBA guarantees the lender that the loan will be repaid. This crushed and broken stone mining and quarrying loan for $2,000,000 was given to a Texas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bridgeport, Texas was able to borrow $2,000,000 from Equity Bank, Ssb. The SBA made the loan possible by guaranteeing $1,500,000 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN STONE MINING AND QUARRYING
BRIDGEPORT, TX 76246

SBA Loan Lender

EQUITY BANK, SSB
5220 SPRING VALLEY RD, STE 16
DALLAS, TX 75254

This commercial loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212319 - Crushed and Broken Stone Mining and Quarrying

Loan Approval Date

3/1/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 39 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Equity Bank, Ssb and they will explain how you can get an SBA loan for your company.

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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