Borrowing Money for Water Well Drilling Contractors

Looking for bank loans for water well drilling contractors? An SBA loan may be just what you've been looking for. This $102,182 water well drilling contractors loan was issued by an Ohio bank.

Getting a small business loan in Jupiter, Florida was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from National City Bank, operating out of Cleveland, Ohio. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING CONTRACTORS
JUPITER, FL 33458

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

9511 -

NAICS Code

235810 - Water Well Drilling Contractors

Loan Approval Date

8/1/2001

Loan Approval Gross Amount

$102,182

Loan Approval from the SBA

Of the total $102,182 loan amount, the SBA guaranteed $86,854.

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 4 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $102,182. How would you spend $102,182 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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