Raising Money for Highway and Street Construction

With these business loans for highway and street construction, the SBA guarantees the lender that the loan will be repaid. This highway and street construction loan for $13,200 was given to a New Hampshire entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Derry (census Name For Derry C, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Sovereign Bank, based in Boston, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION
DERRY (CENSUS NAME FOR DERRY C, NH 03038

SBA Loan Lender

SOVEREIGN BANK
75 STATE ST
BOSTON, MA 02109

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

1611 - Highway and Street Construction

NAICS Code

234110 - Highway and Street Construction

Loan Approval Date

4/5/2000

Loan Approval Gross Amount

$13,200

Loan Approval from the SBA

Of the total $13,200 loan amount, the SBA guaranteed $6,600.

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 4 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

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 $13,200 loan. Remember, things become real when you believe you can achieve them!

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:

Small Business Loan

SBA 7A Banks for Boston, Massachusetts Loans

SBA Participating Banks in Massachusetts