Financing for Asphalt Paving Mixture and Block Manufacturing

With these commercial loans for asphalt paving mixture and block manufacturing, the SBA guarantees the lender that the loan will be repaid. This asphalt paving mixture and block manufacturing loan for $300,000 was given to a Missouri entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Nixa, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Empire Bank, based in Springfield, Missouri.

SBA Loan Borrower

COMPANY TYPE: ASPHALT PAVING MIXTURE AND BLOCK MANUFACTURING
NIXA, MO 65714

SBA Loan Lender

EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804

This SBA small business 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.

NAICS Code

324121 - Asphalt Paving Mixture and Block Manufacturing

Loan Approval Date

4/6/2007

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 6 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

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.

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