Machine Shops Small Business Loans

Looking for small business loans for machine shops? An SBA loan may be just what you've been looking for. This $121,200 machine shops loan was issued by a Kansas bank.

This company knew how to go about getting a business bank loan. Based in Clayton, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First Security Bank & Trust, based in Norton, Kansas.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
CLAYTON, KS 67629

SBA Loan Lender

FIRST SECURITY BANK & TRUST
201 E MAIN
NORTON, KS 67654

The lender provided this bank 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

332710 - Machine Shops

Loan Approval Date

5/25/2004

Loan Approval Gross Amount

$121,200

Loan Approval from the SBA

Of the total $121,200 loan amount, the SBA guaranteed $60,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $121,200. How would you spend $121,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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