Borrowing Money for Highway, Street, and Bridge Construction
Looking for small business loans for highway, street, and bridge construction? Talk to a banker who works with the SBA. This $201,300 highway, street, and bridge construction loan was issued by a North Carolina bank.
This small firm knew how to go about getting a business bank loan. Based in Patrick Springs, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Surrey Bank & Trust, based in Mount Airy, North Carolina.
SBA Loan Borrower
COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
PATRICK SPRINGS, VA 24133
SBA Loan Lender
SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030
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
237310 - Highway, Street, and Bridge Construction
Loan Approval Date
4/27/2004
Loan Approval Gross Amount
$201,300
Loan Approval from the SBA
Of the total $201,300 loan amount, the SBA guaranteed $100,650.
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 33 employees. This SBA loan request indicated that the loan would help retain 33 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
While you may be able to find business people willing to loan money, 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:
Borrowing Money from Friends and Family
Banks in Mount Airy, North Carolina
North Carolina SBA 7A Banks