Raising Money for Concrete Contractors

With these business loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $191,234 was given to a Florida entrepreneur in 2003.

Getting a small business loan in Venice, Florida was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Colonial Bank, operating out of Venice, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING
VENICE, FL 34293

SBA Loan Lender

COLONIAL BANK
160 POINTE LOOP DR
VENICE, FL 34293

This loan 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.

SIC Code

1781 - Water Well Drilling

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$191,234

Loan Approval from the SBA

Of the total $191,234 loan amount, the SBA guaranteed $143,426.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, 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:

Banking Deregulation's Effects on Entrepreneurship

SBA Participating Banks in Venice, Florida

SBA Lenders in Florida