Get an SBA Loan for Excavation Contractors

Looking for small business loans for excavation contractors? The SBA may be the answer. This $23,400 excavation contractors loan was issued by a Delaware bank.

This company knew how to go about getting a business bank loan. Based in Townsend, Delaware, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Commerce Bank, based in Wilmington, Delaware.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
TOWNSEND, DE 19734

SBA Loan Lender

COMMERCE BANK
2502 MARSH RD
WILMINGTON, DE 19810

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1794 - Excavation Work

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

11/27/2000

Loan Approval Gross Amount

$23,400

Loan Approval from the SBA

Of the total $23,400 loan amount, the SBA guaranteed $18,720.

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 18 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Getting a Small Business Loan

SBA Approved Banks in Wilmington, Delaware

Getting an SBA Loan in Delaware