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November 24, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Construction Sand And Gravel Loan | ||||
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Bank Of America Small Business Loan
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How to Get a Loan for Construction Sand and Gravel MiningWith these commercial loans for construction sand and gravel mining, the SBA guarantees the lender that the loan will be repaid. This construction sand and gravel mining loan for $321,000 was given to a New York entrepreneur in 2000. Getting a small business loan in Fort Ann, New York was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Charlotte, North Carolina. Here are the details on this New York small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL SBA Loan Lender BANK OF AMERICA This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications 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. SIC Code 1442 - Construction Sand and Gravel NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 6/23/2000 Loan Approval Gross Amount $321,000 Loan Approval from the SBA Of the total $321,000 loan amount, the SBA guaranteed $240,750. 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Lenders in Charlotte, North Carolina
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