Raising Money for Excavation Contractors
Looking for business loans for excavation contractors? An SBA loan may be just what you've been looking for. This $60,000 excavation contractors loan was issued by a Minnesota bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mantorville, Minnesota was able to borrow $60,000 from Kasson State Bank. The SBA made the loan possible by guaranteeing $51,000 of this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: EXCAVATION WORK
MANTORVILLE, MN 55955
SBA Loan Lender
KASSON STATE BANK
203 W MAIN ST
KASSON, MN 55944
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.
SIC Code
1794 - Excavation Work
NAICS Code
235930 - Excavation Contractors
Loan Approval Date
2/28/2001
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
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 3 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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.
Related Links:
Small Business Loan
Best Banks in Kasson, Minnesota
SBA Lenders in Minnesota