Small Business Loans for Site Preparation Contractors

With these small business loans for site preparation contractors, the SBA guarantees the lender that the loan will be repaid. This site preparation contractors loan for $2,000,000 was given to a West Virginia entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Falling Waters, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Waterfield Bank, based in Germantown, Maryland.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
FALLING WATERS, WV 25419

SBA Loan Lender

WATERFIELD BANK
19828 CENTURY BLVD
GERMANTOWN, MD 20874

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1629 - Heavy Construction

NAICS Code

238910 - Site Preparation Contractors

Loan Approval Date

11/9/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 38 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.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Angel Investors

SBA Approved Banks in Germantown, Maryland

SBA Participating Banks in Maryland