Foundation, Structure, and Building Exterior Contractors Bank Loans

Looking for bank loans for foundation, structure, and building exterior contractors? Try the SBA. This $97,200 foundation, structure, and building exterior contractors loan was issued by a Texas bank.

Getting a small business loan in Midland, Texas was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Monahans, operating out of Midland, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
MIDLAND, TX 79702

SBA Loan Lender

FIRST NATIONAL BANK - MONAHANS
600 N MARIENFELD AVE, STE 100
MIDLAND, TX 79701

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

238190 - Foundation, Structure, and Building Exterior Contractors

Loan Approval Date

2/21/2006

Loan Approval Gross Amount

$97,200

Loan Approval from the SBA

Of the total $97,200 loan amount, the SBA guaranteed $82,620.

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 4 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Monahans had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Monahans made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Microlending as a Small Business Funding Source

Small Business Banks in Midland, Texas

Texas SBA 7A Banks