Masonry Contractors SBA Loans
Looking for SBA loans for masonry contractors? Try the SBA. This $98,000 masonry contractors loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Highlands, California was able to borrow $98,000 from Bank Of America. The SBA made the loan possible by guaranteeing $49,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: MASONRY CONTRACTORS
NORTH HIGHLANDS, CA 95660
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
238140 - Masonry Contractors
Loan Approval Date
7/14/2004
Loan Approval Gross Amount
$98,000
Loan Approval from the SBA
Of the total $98,000 loan amount, the SBA guaranteed $49,000.
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 20 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
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.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Related Links:
Obtaining Funding - How to Decide How Much to Raise
Best Banks for Small Business in Charlotte, North Carolina
Getting an SBA Loan in North Carolina