SBA Loans for Excavation Contractors

Looking for SBA loans for excavation contractors? An SBA loan may be just what you've been looking for. This $20,700 excavation contractors loan was issued by a Pennsylvania bank.

This small business knew how to go about getting a business bank loan. Based in York, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Commerce Bank/harrisburg Natl, based in Lemoyne, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
YORK, PA 17402

SBA Loan Lender

COMMERCE BANK/HARRISBURG NATL
1249 MARKET ST
LEMOYNE, PA 17043

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

3/7/2000

Loan Approval Gross Amount

$20,700

Loan Approval from the SBA

Of the total $20,700 loan amount, the SBA guaranteed $16,560.

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 7 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

We can help you find the best banks for small businesses in York or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

VC Firms on Twitter

SBA 7A Banks for Lemoyne, Pennsylvania Loans

Pennsylvania SBA Bank Lenders