How to Get a Loan for Structural Steel and Precast Concrete Contractors
Looking for commercial loans for structural steel and precast concrete contractors? The SBA may be the answer. This $50,000 structural steel and precast concrete contractors loan was issued by a Maine bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Merrill Merchants Bank, out of Bangor, Maine. The loan was granted and they received $50,000 to help grow their Brewer (rr Name Brewer Junctio, Maine business.
SBA Loan Borrower
COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS
BREWER (RR NAME BREWER JUNCTIO, ME 04412
SBA Loan Lender
MERRILL MERCHANTS BANK
201 MAIN ST
BANGOR, ME 04401
The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238120 - Structural Steel and Precast Concrete Contractors
Loan Approval Date
4/12/2006
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Merrill Merchants Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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