Financing for Concrete Contractors

With these commercial loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $210,000 was given to a Washington entrepreneur in 2005.

Getting a small business loan in Ferndale, Washington was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Pacific, operating out of Bellingham, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
FERNDALE, WA 98248

SBA Loan Lender

BANK OF THE PACIFIC
100 GRAND AVE
BELLINGHAM, WA 98225

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

1/31/2005

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

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 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Don't apply for a loan directly with the SBA. You need to 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The Pacific 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.

Related Links:

Find Start-Up Capital

SBA Participating Banks in Bellingham, Washington

Washington SBA 7A Lenders