How to Get a Loan for Ready-Mix Concrete Manufacturing

With these business loans for ready-mix concrete manufacturing, the SBA guarantees the lender that the loan will be repaid. This ready-mix concrete manufacturing loan for $140,000 was given to a South Dakota entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Winner, South Dakota was able to borrow $140,000 from First Fidelity Bank. The SBA made the loan possible by guaranteeing $119,000 of this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: READY-MIX CONCRETE MANUFACTURING
WINNER, SD 57580

SBA Loan Lender

FIRST FIDELITY BANK
246 W 2ND
WINNER, SD 57580

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.

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

4/15/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Fidelity Bank and they will explain how you can get an SBA loan for your company.

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:

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SBA Banks in Winner, South Dakota

South Dakota SBA Bank Lenders