Where to Get Capital for Highway, Street, and Bridge Construction

With these SBA loans for highway, street, and bridge construction, the SBA guarantees the lender that the loan will be repaid. This highway, street, and bridge construction loan for $635,000 was given to a Louisiana entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Monroe, Louisiana was able to borrow $635,000 from Newtek Small Business Finance Inc.. The SBA made the loan possible by guaranteeing $476,250 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
MONROE, LA 71203

SBA Loan Lender

NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

6/24/2004

Loan Approval Gross Amount

$635,000

Loan Approval from the SBA

Of the total $635,000 loan amount, the SBA guaranteed $476,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Monroe LA, you ought to talk with a local Monroe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Monroe businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Credit Evaluation

SBA Banks in New York, New York

New York SBA 7A Banks