 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Power And Communication Line And Related Structures Construction Loan | ||||
 |
||||
Advice for Businesses On Getting a Loan
|
||||
 |
Commercial Loans for Power and Communication Line and Related Structures ConstructionWith these commercial loans for power and communication line and related structures construction, the SBA guarantees the lender that the loan will be repaid. This power and communication line and related structures construction loan for $1,210,000 was given to a Texas entrepreneur in 2003. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Ge Cap. Small Business Finan Corp, out of St. Louis, Missouri. The loan was granted and they received $1,210,000 to help grow their Stafford, Texas business. SBA Loan Borrower COMPANY TYPE: POWER AND COMMUNICATION LINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237130 - Power and Communication Line and Related Structures Construction Loan Approval Date 9/19/2003 Loan Approval Gross Amount $1,210,000 Loan Approval from the SBA Of the total $1,210,000 loan amount, the SBA guaranteed $907,500. 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 110 employees. The SBA loan documents indicated that the loan would help retain 110 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ge Cap. Small Business Finan Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Where to Get an SBA Loan in St. Louis, Missouri
|
|
||
|
||||
|
|
||||