How to Get a Loan for Structural Steel Erection Contractors

With these business loans for structural steel erection contractors, the SBA guarantees the lender that the loan will be repaid. This structural steel erection contractors loan for $103,200 was given to a Vermont entrepreneur in 2000.

Getting a small business loan in Eden, Vermont was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Union Bank, operating out of Morrisville, Vermont. Here are the details on this Vermont small business loan.

SBA Loan Borrower

COMPANY TYPE: STRUCTURAL STEEL ERECTION
EDEN, VT 05653

SBA Loan Lender

UNION BANK
20 LOWER MAIN ST
MORRISVILLE, VT 05661

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1791 - Structural Steel Erection

NAICS Code

235910 - Structural Steel Erection Contractors

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$103,200

Loan Approval from the SBA

Of the total $103,200 loan amount, the SBA guaranteed $77,400.

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 11 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Union Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Bank Credit Lines

SBA Participating Banks in Morrisville, Vermont

Vermont SBA Bank Lenders