Bridge and Tunnel Construction Loans

Looking for loans for bridge and tunnel construction? Try the SBA. This $566,000 bridge and tunnel construction loan was issued by a Maryland bank.

This small firm knew how to go about getting a business bank loan. Based in Claremont, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Presidential Bank, Fsb, based in Bethesda, Maryland.

SBA Loan Borrower

COMPANY TYPE: BRIDGE, TUNNEL, AND ELEVATED HIGHWAY CONSTRUCTION
CLAREMONT, NC 28610

SBA Loan Lender

PRESIDENTIAL BANK, FSB
4520 EAST-WEST HWY
BETHESDA, MD 20814

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1622 - Bridge, Tunnel, and Elevated Highway Construction

NAICS Code

234120 - Bridge and Tunnel Construction

Loan Approval Date

6/6/2000

Loan Approval Gross Amount

$566,000

Loan Approval from the SBA

Of the total $566,000 loan amount, the SBA guaranteed $424,500.

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 35 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Claremont NC, you ought to talk with a local Claremont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Claremont businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

SBIR Funding

Best Banks in Bethesda, Maryland

Maryland SBA Banks