Business Loans for Ready-Mix Concrete Manufacturing

With these business loans for ready-mix concrete manufacturing, the SBA guarantees the lender that the loan will be repaid. This ready-mix concrete manufacturing loan for $491,300 was given to a Texas entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lubbock, Texas was able to borrow $491,300 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $368,475 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: READY MIXED CONCRETE
LUBBOCK, TX 79403

SBA Loan Lender

WELLS FARGO BANK
16414 SAN PEDRO, STE 1000
SAN ANTONIO, TX 78232

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3273 - Ready Mixed Concrete

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

7/28/2004

Loan Approval Gross Amount

$491,300

Loan Approval from the SBA

Of the total $491,300 loan amount, the SBA guaranteed $368,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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