SBA Loans for Highway and Street Construction
With these SBA loans for highway and street construction, the SBA guarantees the lender that the loan will be repaid. This highway and street construction loan for $993,136 was given to a Minnesota entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marshall, Minnesota was able to borrow $993,136 from Minnwest Bank, M.V.. The SBA made the loan possible by guaranteeing $676,872 of this Minnesota small business loan.
SBA Loan Borrower
COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION
MARSHALL, MN 56258
SBA Loan Lender
MINNWEST BANK, M.V.
301 BASELINE RD
MARSHALL, MN 56258
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1611 - Highway and Street Construction
NAICS Code
234110 - Highway and Street Construction
Loan Approval Date
9/8/2000
Loan Approval Gross Amount
$993,136
Loan Approval from the SBA
Of the total $993,136 loan amount, the SBA guaranteed $676,872.
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 20 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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.
Related Links:
How to Raise Money
SBA Participating Banks in Marshall, Minnesota
Minnesota SBA Bank Lenders