Borrowing Money for Excavation Contractors

Looking for loans for excavation contractors? An SBA loan may be just what you've been looking for. This $613,000 excavation contractors loan was issued by a New Hampshire bank.

This small firm knew how to go about getting a business bank loan. Based in Pittsfield, New Hampshire, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Northway Bank, based in Plymouth, New Hampshire.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
PITTSFIELD, NH 03263

SBA Loan Lender

NORTHWAY BANK
287 HIGHLAND ST
PLYMOUTH, NH 03264

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

6/12/2003

Loan Approval Gross Amount

$613,000

Loan Approval from the SBA

Of the total $613,000 loan amount, the SBA guaranteed $459,750.

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 55 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Business Line of Credit

Best Banks in Plymouth, New Hampshire

New Hampshire SBA Bank Lenders