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March 29, 2024  
 
 
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Loan Census SBA Loan Info

Excavation Contractors Business Loans

Looking for business loans for excavation contractors? An SBA loan may be just what you've been looking for. This $826,000 excavation contractors loan was issued by an Arizona bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Diego, California was able to borrow $826,000 from Sunrise Bank Of Arizona. The SBA made the loan possible by guaranteeing $619,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION CONTRACTORS
SAN DIEGO, CA 92123

SBA Loan Lender

SUNRISE BANK OF ARIZONA
4350 E CAMELBACK RD, STE 100
PHOENIX, AZ 85018

This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

1/7/2002

Loan Approval Gross Amount

$826,000

Loan Approval from the SBA

Of the total $826,000 loan amount, the SBA guaranteed $619,500.

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 20 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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