Small Business Loans for Water, Sewer, and Pipeline Construction

With these small business loans for water, sewer, and pipeline construction, the SBA guarantees the lender that the loan will be repaid. This water, sewer, and pipeline construction loan for $342,000 was given to a Washington entrepreneur in 2002.

This company knew how to go about getting a business bank loan. Based in Lacey, Washington, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Anchor Mutual Savings Bank Dba A, based in Olympia, Washington.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
LACEY, WA 98506

SBA Loan Lender

ANCHOR MUTUAL SAVINGS BANK DBA A
2610 HARRISON AVE NW
OLYMPIA, WA 98502

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1623 - Water, Sewer, and Utility Lines

NAICS Code

234910 - Water, Sewer, and Pipeline Construction

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$342,000

Loan Approval from the SBA

Of the total $342,000 loan amount, the SBA guaranteed $256,500.

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 8 employees. The SBA loan documents did not indicate that the company 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Anchor Mutual Savings Bank Dba A had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Anchor Mutual Savings Bank Dba A 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:

Small Business Loan

Small Business Banks in Olympia, Washington

SBA Washington Banks