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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Grand Prairie, Business Loans > Grand Bank Of Texas Grand Prairie Business Loans > Concrete Work Loan | ||||
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Small Business Banks for Grand Prairie Small Businesses
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Poured Concrete Foundation and Structure Contractors LoansWith these loans for poured concrete foundation and structure contractors, the SBA guarantees the lender that the loan will be repaid. This poured concrete foundation and structure contractors loan for $848,000 was given to a Texas entrepreneur in 2003. This company knew how to go about getting a business bank loan. Based in Grand Prairie, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Grand Bank Of Texas, based in Grand Prairie, Texas. SBA Loan Borrower COMPANY TYPE: CONCRETE WORK SBA Loan Lender GRAND BANK OF TEXAS 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 commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1771 - Concrete Work NAICS Code 238110 - Poured Concrete Foundation and Structure Contractors Loan Approval Date 4/9/2003 Loan Approval Gross Amount $848,000 Loan Approval from the SBA Of the total $848,000 loan amount, the SBA guaranteed $636,000. 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 15 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Grand Bank Of Texas and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding From a Venture Capitalist SBA 7A Banks for Grand Prairie, Texas Loans
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