Bank Loans for Construction and Mining Machinery and Equipment Wholesale

Looking for bank loans for construction and mining machinery and equipment wholesale? Try the SBA. This $225,000 construction and mining machinery and equipment wholesale loan was issued by a Maryland bank.

This company knew how to go about getting a business bank loan. Based in White Marsh, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Susquehanna Bank, based in Baltimore, Maryland.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION AND MINING MACHINERY
WHITE MARSH, MD 21162

SBA Loan Lender

SUSQUEHANNA BANK
100 WEST RD
BALTIMORE, MD 21204

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

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

6/16/2000

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 only one employee. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Susquehanna Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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