Raising Money for Water and Sewer Line and Related Structures Construction

Looking for bank loans for water and sewer line and related structures construction? An SBA loan may be just what you've been looking for. This $112,300 water and sewer line and related structures construction loan was issued by a Nebraska bank.

Getting a small business loan in Petersburg, Nebraska was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Petersburg State Bank, operating out of Petersburg, Nebraska. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER AND SEWER LINE AND RELATED STRUCTURES CONSTRUCTION
PETERSBURG, NE 68652

SBA Loan Lender

PETERSBURG STATE BANK
140 MAIN ST
PETERSBURG, NE 68652

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237110 - Water and Sewer Line and Related Structures Construction

Loan Approval Date

4/12/2004

Loan Approval Gross Amount

$112,300

Loan Approval from the SBA

Of the total $112,300 loan amount, the SBA guaranteed $95,455.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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