Borrowing Money for Site Preparation Contractors

With these small business loans for site preparation contractors, the SBA guarantees the lender that the loan will be repaid. This site preparation contractors loan for $625,000 was given to a Nebraska entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Sioux City, Nebraska was able to borrow $625,000 from Siouxland National Bank. The SBA made the loan possible by guaranteeing $468,750 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION
SOUTH SIOUX CITY, NE 68776

SBA Loan Lender

SIOUXLAND NATIONAL BANK
1001 W 29TH ST
SOUTH SIOUX CITY, NE 68776

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1629 - Heavy Construction

NAICS Code

238910 - Site Preparation Contractors

Loan Approval Date

7/21/2006

Loan Approval Gross Amount

$625,000

Loan Approval from the SBA

Of the total $625,000 loan amount, the SBA guaranteed $468,750.

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 13 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

The Friends and Family Network

SBA Participating Banks in South Sioux City, Nebraska

Nebraska SBA 7A Banks