How to Get a Loan for Water, Sewer, and Pipeline Construction
Looking for business loans for water, sewer, and pipeline construction? The SBA may be the answer. This $643,500 water, sewer, and pipeline construction loan was issued by an Utah bank.
Getting a small business loan in Burlington, North Carolina was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Merrill Lynch Bank Usa, operating out of Salt Lake City, Utah. Here are the details on this North Carolina small business loan.
SBA Loan Borrower
COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
BURLINGTON, NC 27215
SBA Loan Lender
MERRILL LYNCH BANK USA
15 W SOUTH TEMPLE, STE 300
SALT LAKE CITY, UT 84101
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1623 - Water, Sewer, and Utility Lines
NAICS Code
234910 - Water, Sewer, and Pipeline Construction
Loan Approval Date
8/25/2000
Loan Approval Gross Amount
$643,500
Loan Approval from the SBA
Of the total $643,500 loan amount, the SBA guaranteed $482,625.
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 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $643,500 loan. Remember, you control your own destiny.
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:
Realistic Debt Financing Options
Small Business Banks in Salt Lake City, Utah
Utah SBA 7A Lenders