Bank Loans for Concrete Contractors

With these bank loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $150,000 was given to an Iowa entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Lime Springs, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was C Us Bank, based in Lime Springs, Iowa.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
LIME SPRINGS, IA 52155

SBA Loan Lender

C US BANK
132 W MAIN ST
LIME SPRINGS, IA 52155

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

2/4/2003

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 a new 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 7 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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