Excavation Contractors Loans

With these loans for excavation contractors, the SBA guarantees the lender that the loan will be repaid. This excavation contractors loan for $150,000 was given to an Alaska entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kasilof, Alaska was able to borrow $150,000 from First National Bank Alaska. The SBA made the loan possible by guaranteeing $127,500 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
KASILOF, AK 99810

SBA Loan Lender

FIRST NATIONAL BANK ALASKA
101 W 36TH AVE
ANCHORAGE, AK 99503

This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1794 - Excavation Work

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

2/16/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 12 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way!

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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