Business Loans for Truss Manufacturing

With these business loans for truss manufacturing, the SBA guarantees the lender that the loan will be repaid. This truss manufacturing loan for $300,000 was given to a Kansas entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Axtell, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was United Bank & Trust, based in Seneca, Kansas.

SBA Loan Borrower

COMPANY TYPE: STRUCTURAL WOOD MEMBERS
AXTELL, KS 66403

SBA Loan Lender

UNITED BANK & TRUST
502 MAIN
SENECA, KS 66538

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

2439 - Structural Wood Members

NAICS Code

321214 - Truss Manufacturing

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Find an SBA Lender in Seneca, Kansas

SBA Participating Banks in Kansas