Bank Of America SBA Loan to Heavy And Civil Engineering Construction Company

Bank Of America is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Connecticut entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in Madison (census Name For Madis, Connecticut, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank Of America, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION
MADISON (CENSUS NAME FOR MADIS, CT 06443

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

237990 - Heavy and Civil Engineering Construction

Loan Approval Date

6/2/2004

Loan Approval Gross Amount

$89,500

Loan Approval from the SBA

Of the total $89,500 loan amount, the SBA guaranteed $44,750.

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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Madison (census Name For Madis CT, you ought to talk with a local Madison (census Name For Madis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Madison (census Name For Madis businesses.

We can help you find the best banks for small businesses in Madison (census Name For Madis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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