Borrowing Money for Industrial Valve Manufacturing

With these loans for industrial valve manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial valve manufacturing loan for $300,000 was given to a Kansas entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eureka, Kansas was able to borrow $300,000 from Olpe State Bank. The SBA made the loan possible by guaranteeing $270,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL VALVE MANUFACTURING
EUREKA, KS 67045

SBA Loan Lender

OLPE STATE BANK
202 WESTPHALIA
OLPE, KS 66865

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332911 - Industrial Valve Manufacturing

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $270,000.

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 19 employees. This SBA loan request indicated that the loan would help retain 19 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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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