Industrial Design Services Commercial Loans

With these commercial loans for industrial design services, the SBA guarantees the lender that the loan will be repaid. This industrial design services loan for $6,100 was given to a Kansas entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Baxter Springs, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Hometown Bank, based in Carthage, Missouri.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL DESIGN SERVICES
BAXTER SPRINGS, KS 66713

SBA Loan Lender

HOMETOWN BANK
312 W CENTRAL
CARTHAGE, MO 64836

The lender provided this 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

541420 - Industrial Design Services

Loan Approval Date

11/18/2005

Loan Approval Gross Amount

$6,100

Loan Approval from the SBA

Of the total $6,100 loan amount, the SBA guaranteed $3,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help generate 3 new jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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