Getting an SBA Loan for Commercial Equipment Merchant Wholesalers

With these commercial loans for commercial equipment merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This commercial equipment merchant wholesalers loan for $315,000 was given to a Kansas entrepreneur in 2005.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Bank Of Kansas, out of Lenexa, Kansas. The loan was granted and they received $315,000 to help grow their Elwood, Kansas business.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL EQUIPMENT
ELWOOD, KS 66024

SBA Loan Lender

UNITED BANK OF KANSAS
10101 WOODLAND RD
LENEXA, KS 66213

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5046 - Commercial Equipment

NAICS Code

423440 - Commercial Equipment Merchant Wholesalers

Loan Approval Date

4/13/2005

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Elwood KS, you ought to talk with a local Elwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elwood businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Obtaining Funding - Friends and Family

SBA 7A Banks in Lenexa, Kansas

Find an SBA Lender in Kansas