Where to Get Capital for Power and Communication Transmission Line Construction

Looking for small business loans for power and communication transmission line construction? Try the SBA. This $530,000 power and communication transmission line construction loan was issued by a Maryland bank.

This small firm knew how to go about getting a business bank loan. Based in Severn, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Community Bank Of Tri-County, based in Waldorf, Maryland.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL MEMBERSHIP ORGANIZATIONS
SEVERN, MD 21144

SBA Loan Lender

COMMUNITY BANK OF TRI-COUNTY
3035 LEONARDTOWN RD
WALDORF, MD 20601

This lender issued this debt financing under the SBA's 7A loan, 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

8621 - Professional Membership Organizations

NAICS Code

234920 - Power and Communication Transmission Line Construction

Loan Approval Date

4/19/2001

Loan Approval Gross Amount

$530,000

Loan Approval from the SBA

Of the total $530,000 loan amount, the SBA guaranteed $397,500.

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

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Severn or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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