Getting an SBA Loan for Concrete Contractors

Looking for commercial loans for concrete contractors? Talk to a banker who works with the SBA. This $200,000 concrete contractors loan was issued by a Michigan bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Range Bank, out of Negaunee, Michigan. The loan was granted and they received $200,000 to help grow their Negaunee, Michigan business.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
NEGAUNEE, MI 49866

SBA Loan Lender

RANGE BANK
350 IRON ST
NEGAUNEE, MI 49866

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $200,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Role of Business Plan When Raising Money

SBA Banks in Negaunee, Michigan

Michigan SBA 7A Lenders