Excavation Contractors Commercial Loans

With these commercial loans for excavation contractors, the SBA guarantees the lender that the loan will be repaid. This excavation contractors loan for $250,000 was given to a Missouri entrepreneur in 2005.

This business knew how to go about getting a business bank loan. Based in Vienna, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Maries County Bank, based in Vienna, Missouri.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
VIENNA, MO 65582

SBA Loan Lender

THE MARIES COUNTY BANK
218 FOURTH ST
VIENNA, MO 65582

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

3/2/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 2 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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 The Maries County Bank 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:

Famous Venture Capitalists

Find an SBA Lender in Vienna, Missouri

SBA Participating Banks in Missouri