How to Get a Loan for Highway, Street, and Bridge Construction

With these commercial loans for highway, street, and bridge construction, the SBA guarantees the lender that the loan will be repaid. This highway, street, and bridge construction loan for $107,000 was given to a North Dakota entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Colfax, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Kindred State Bank, based in Kindred, North Dakota.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND PAPER HANGING
COLFAX, ND 58018

SBA Loan Lender

KINDRED STATE BANK
411 ELM
KINDRED, ND 58051

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1721 - Painting and Paper Hanging

NAICS Code

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

3/3/2006

Loan Approval Gross Amount

$107,000

Loan Approval from the SBA

Of the total $107,000 loan amount, the SBA guaranteed $90,950.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $107,000. How would you spend $107,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - Friends and Family

Best Banks in Kindred, North Dakota

SBA North Dakota Lenders