Loans for Excavation Contractors
With these loans for excavation contractors, the SBA guarantees the lender that the loan will be repaid. This excavation contractors loan for $1,225,000 was given to an Arizona entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phoenix, Arizona was able to borrow $1,225,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $918,750 of this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: EXCAVATION CONTRACTORS
PHOENIX, AZ 85019
SBA Loan Lender
WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235930 - Excavation Contractors
Loan Approval Date
1/10/2003
Loan Approval Gross Amount
$1,225,000
Loan Approval from the SBA
Of the total $1,225,000 loan amount, the SBA guaranteed $918,750.
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 19 employees. This SBA loan request indicated that the loan would help retain 19 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $1,225,000. How would you spend $1,225,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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