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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Highway And Street Construction Loan | ||||
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Texas Small Business Funding
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Highway and Street Construction LoansWith these loans for highway and street construction, the SBA guarantees the lender that the loan will be repaid. This highway and street construction loan for $1,353,000 was given to a Texas entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Laredo, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Merrill Lynch Bank Usa, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender MERRILL LYNCH BANK USA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1611 - Highway and Street Construction NAICS Code 234110 - Highway and Street Construction Loan Approval Date 10/19/2001 Loan Approval Gross Amount $1,353,000 Loan Approval from the SBA Of the total $1,353,000 loan amount, the SBA guaranteed $999,989. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 177 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Merrill Lynch Bank Usa 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: Borrowing Money from Friends and Family SBA 7A Banks in Salt Lake City, Utah
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