How to Get a Loan for Structural Steel and Precast Concrete Contractors
Looking for business loans for structural steel and precast concrete contractors? Talk to a banker who works with the SBA. This $30,500 structural steel and precast concrete contractors loan was issued by a New Mexico bank.
This small business knew how to go about getting a business bank loan. Based in Truth Or Consequences (hot Spr, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Of The Southwest, based in Roswell, New Mexico.
SBA Loan Borrower
COMPANY TYPE: STRUCTURAL STEEL AND PRECAST CONCRETE CONTRACTORS
TRUTH OR CONSEQUENCES (HOT SPR, NM 87901
SBA Loan Lender
BANK OF THE SOUTHWEST
226 N MAIN ST
ROSWELL, NM 88202
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
12/11/2007
Loan Approval Gross Amount
$30,500
Loan Approval from the SBA
Of the total $30,500 loan amount, the SBA guaranteed $15,250.
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 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,500 loan. Remember, fight for what you want, and it will be yours!
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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