Raising Money 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 $250,000 was given to a Kansas entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Bonner Springs, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First St. Bank - Kansas City Kan, based in Kansas City, Kansas.

SBA Loan Borrower

COMPANY TYPE: STRUCTURAL WOOD MEMBERS
BONNER SPRINGS, KS 66012

SBA Loan Lender

FIRST ST. BANK - KANSAS CITY KAN
650 KANSAS AVE
KANSAS CITY, KS 66105

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

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

3/14/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 11 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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 $250,000 loan. Remember, if it to be, it is up to me!

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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