Commercial Loans for Construction and Mining Machinery and Equipment Wholesale

With these commercial loans for construction and mining machinery and equipment wholesale, the SBA guarantees the lender that the loan will be repaid. This construction and mining machinery and equipment wholesale loan for $14,500 was given to a Texas entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Sterling Bank, out of Houston, Texas. The loan was granted and they received $14,500 to help grow their Spring, Texas business.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION AND MINING MACHINERY
SPRING, TX 77379

SBA Loan Lender

STERLING BANK
840 GESSNER, STE 100
HOUSTON, TX 77024

This business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5082 - Construction and Mining Machinery

NAICS Code

421810 - Construction and Mining Machinery and Equipment Wholesale

Loan Approval Date

6/28/2001

Loan Approval Gross Amount

$14,500

Loan Approval from the SBA

Of the total $14,500 loan amount, the SBA guaranteed $13,050.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sterling Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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