Excavation Contractors Small Business Loans
Looking for small business loans for excavation contractors? The SBA may be the answer. This $23,200 excavation contractors loan was issued by a Rhode Island bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mohawk, New York was able to borrow $23,200 from Bank Of America. The SBA made the loan possible by guaranteeing $11,600 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: EXCAVATION CONTRACTORS
MOHAWK, NY 13407
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
235930 - Excavation Contractors
Loan Approval Date
8/21/2002
Loan Approval Gross Amount
$23,200
Loan Approval from the SBA
Of the total $23,200 loan amount, the SBA guaranteed $11,600.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $23,200. How would you spend $23,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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Rhode Island SBA Banks