Financing for Industrial Building Construction

With these commercial loans for industrial building construction, the SBA guarantees the lender that the loan will be repaid. This industrial building construction loan for $337,840 was given to a Massachusetts entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Harwich Port, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Cape Cod Co-Operative Bank, based in Hyannis, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL BUILDING CONSTRUCTION
HARWICH PORT, MA 02646

SBA Loan Lender

CAPE COD CO-OPERATIVE BANK
695 ATTUCKS LN
HYANNIS, MA 02601

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236210 - Industrial Building Construction

Loan Approval Date

7/2/2007

Loan Approval Gross Amount

$337,840

Loan Approval from the SBA

Of the total $337,840 loan amount, the SBA guaranteed $253,380.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. This SBA loan request indicated that the loan would help retain 13 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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