Excavation Contractors Small Business Loans

Looking for small business loans for excavation contractors? The SBA may be the answer. This $433,000 excavation contractors loan was issued by an Oregon bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pacific Continental Bank, out of Eugene, Oregon. The loan was granted and they received $433,000 to help grow their Eugene, Oregon business.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
EUGENE, OR 97402

SBA Loan Lender

PACIFIC CONTINENTAL BANK
111 W 7TH AVE
EUGENE, OR 97401

This loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

8/13/2004

Loan Approval Gross Amount

$433,000

Loan Approval from the SBA

Of the total $433,000 loan amount, the SBA guaranteed $324,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 30 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pacific Continental Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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