Small Business Loans for Structural Steel and Precast Concrete Contractors

Looking for small business loans for structural steel and precast concrete contractors? Try the SBA. This $750,000 structural steel and precast concrete contractors loan was issued by a Pennsylvania bank.

This small firm knew how to go about getting a business bank loan. Based in Saxonburg, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Enterprise Finan Services Grou, based in Allison Park, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS
SAXONBURG, PA 16056

SBA Loan Lender

ENTERPRISE FINAN SERVICES GROU
4091 MT ROYAL BLVD
ALLISON PARK, PA 15101

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238120 - Structural Steel and Precast Concrete Contractors

Loan Approval Date

4/30/2007

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to borrow money from friends and family, 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:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Allison Park, Pennsylvania

Getting an SBA Loan in Pennsylvania