Where to Get Capital for Ready-Mix Concrete Manufacturing

Looking for small business loans for ready-mix concrete manufacturing? The SBA may be the answer. This $72,900 ready-mix concrete manufacturing loan was issued by a Wyoming bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Shoshone First Bank, out of Cody, Wyoming. The loan was granted and they received $72,900 to help grow their Lovell, Wyoming business.

SBA Loan Borrower

COMPANY TYPE: READY-MIX CONCRETE MANUFACTURING
LOVELL, WY 82431

SBA Loan Lender

SHOSHONE FIRST BANK
1401 SHERIDAN AVE
CODY, WY 82414

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

2/28/2003

Loan Approval Gross Amount

$72,900

Loan Approval from the SBA

Of the total $72,900 loan amount, the SBA guaranteed $36,450.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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