Commercial Loans for Excavation Contractors

Looking for commercial loans for excavation contractors? The SBA may be the answer. This $82,800 excavation contractors loan was issued by an Iowa bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Regions Bank, out of Indianola, Iowa. The loan was granted and they received $82,800 to help grow their Prole, Iowa business.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
PROLE, IA 50229

SBA Loan Lender

REGIONS BANK
114 N HOWARD
INDIANOLA, IA 50125

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1794 - Excavation Work

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$82,800

Loan Approval from the SBA

Of the total $82,800 loan amount, the SBA guaranteed $66,240.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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SBA 7A Banks for Indianola, Iowa Loans

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