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May 7, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Paris, Business Loans > The Paris National Bank Paris Business Loans > Bridge, Tunnel, And Elevated Highway Construction Loan | ||||
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I Need a Small Business Loan in Excello, Missouri
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Getting an SBA Loan for Excavation ContractorsLooking for commercial loans for excavation contractors? The SBA may be the answer. This $500,000 excavation contractors loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Excello, Missouri was able to borrow $500,000 from The Paris National Bank. The SBA made the loan possible by guaranteeing $375,000 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: BRIDGE, TUNNEL, AND ELEVATED HIGHWAY CONSTRUCTION SBA Loan Lender THE PARIS NATIONAL BANK This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1622 - Bridge, Tunnel, and Elevated Highway Construction NAICS Code 235930 - Excavation Contractors Loan Approval Date 10/9/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 9 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Excello 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: Find an SBA Lender in Paris, Missouri Getting an SBA Loan in Missouri
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