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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Henderson, Business Loans > Texas Bank Henderson Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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Business Loans for Cleveland Entrepreneurs
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Highway, Street, and Bridge Construction SBA LoansLooking for SBA loans for highway, street, and bridge construction? The SBA may be the answer. This $742,000 highway, street, and bridge construction loan was issued by a Texas bank. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Texas Bank, out of Henderson, Texas. The loan was granted and they received $742,000 to help grow their Cleveland, Texas business. SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender TEXAS BANK 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 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 1/13/2005 Loan Approval Gross Amount $742,000 Loan Approval from the SBA Of the total $742,000 loan amount, the SBA guaranteed $556,500. 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. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $742,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Role of Business Plan When Raising Money Best Banks for Small Business in Henderson, Texas
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