Concrete Contractors Business Loans

With these business loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $274,500 was given to an Utah entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Parowan, Utah, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was State Bank Of Southern Utah, based in Cedar City, Utah.

SBA Loan Borrower

COMPANY TYPE: CONCRETE CONTRACTORS
PAROWAN, UT 84761

SBA Loan Lender

STATE BANK OF SOUTHERN UTAH
377 N MAIN ST
CEDAR CITY, UT 84720

This business loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

3/16/2005

Loan Approval Gross Amount

$274,500

Loan Approval from the SBA

Of the total $274,500 loan amount, the SBA guaranteed $205,875.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from State Bank Of Southern Utah so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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