Where to Get Capital for Poured Concrete Foundation and Structure Contractors

Looking for small business loans for poured concrete foundation and structure contractors? Talk to a banker who works with the SBA. This $30,000 poured concrete foundation and structure contractors loan was issued by a South Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Black Hills Fcu, out of Rapid City, South Dakota. The loan was granted and they received $30,000 to help grow their Rapid City, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: CONCRETE WORK
RAPID CITY, SD 57701

SBA Loan Lender

BLACK HILLS FCU
2700 N PLAZA DR
RAPID CITY, SD 57702

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

SIC Code

1771 - Concrete Work

NAICS Code

238110 - Poured Concrete Foundation and Structure Contractors

Loan Approval Date

12/22/2004

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Black Hills Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Choosing VC Firms

Small Bank Loans in Rapid City, South Dakota

Getting an SBA Loan in South Dakota