Where to Get Capital for Poured Concrete Foundation and Structure Contractors

With these small business loans for poured concrete foundation and structure contractors, the SBA guarantees the lender that the loan will be repaid. This poured concrete foundation and structure contractors loan for $399,990 was given to an Illinois entrepreneur in 2004.

Getting a small business loan in Clermont, Illinois was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Elgin State Bank, operating out of Elgin, Iowa. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS
CLERMONT, IL 52135

SBA Loan Lender

ELGIN STATE BANK
241 CENTER ST
ELGIN, IA 52141

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238110 - Poured Concrete Foundation and Structure Contractors

Loan Approval Date

11/17/2004

Loan Approval Gross Amount

$399,990

Loan Approval from the SBA

Of the total $399,990 loan amount, the SBA guaranteed $299,992.

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 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Clermont or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Startup Funding Tip

Best Elgin, Iowa Banks for Small Business

Iowa SBA 7A Banks