Business Loans for Excavation Contractors

With these business loans for excavation contractors, the SBA guarantees the lender that the loan will be repaid. This excavation contractors loan for $212,000 was given to a Missouri entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Chillicothe, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Security Bank Of Kansas City, based in Fairway, Kansas.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
CHILLICOTHE, MO 64601

SBA Loan Lender

SECURITY BANK OF KANSAS CITY
4400 SHAWNEE MISSION PKWY
FAIRWAY, KS 66205

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

8/2/2002

Loan Approval Gross Amount

$212,000

Loan Approval from the SBA

Of the total $212,000 loan amount, the SBA guaranteed $99,640.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Security Bank Of Kansas City are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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