Loans for Excavation Contractors

Looking for loans for excavation contractors? Try the SBA. This $272,500 excavation contractors loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Lakeside, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Neighborhood National Bank, based in San Diego, California.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
LAKESIDE, CA 92040

SBA Loan Lender

NEIGHBORHOOD NATIONAL BANK
3511 NATIONAL AVE
SAN DIEGO, CA 92113

When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

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

8/14/2000

Loan Approval Gross Amount

$272,500

Loan Approval from the SBA

Of the total $272,500 loan amount, the SBA guaranteed $204,375.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Neighborhood National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Credit Cards

SBA 7A Banks for San Diego, California Loans

Getting an SBA Loan in California