Where to Get Capital for Conveyor and Conveying Equipment Manufacturing

With these small business loans for conveyor and conveying equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This conveyor and conveying equipment manufacturing loan for $200,000 was given to a Missouri entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Fenton, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Cass Commercial Bank, based in Bridgeton, Missouri.

SBA Loan Borrower

COMPANY TYPE: CONVEYOR AND CONVEYING EQUIPMENT MANUFACTURING
FENTON, MO 63026

SBA Loan Lender

CASS COMMERCIAL BANK
13001 HOLLENBERG DR
BRIDGETON, MO 63044

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333922 - Conveyor and Conveying Equipment Manufacturing

Loan Approval Date

1/25/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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