Where to Get Capital for Boat Building

With these small business loans for boat building, the SBA guarantees the lender that the loan will be repaid. This boat building loan for $2,000,000 was given to a Kansas entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Hill City, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Vi, based in Salina, Kansas.

SBA Loan Borrower

COMPANY TYPE: BOAT BUILDING
HILL CITY, KS 67642

SBA Loan Lender

BANK VI
2020 S OHIO
SALINA, KS 67401

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336612 - Boat Building

Loan Approval Date

4/2/2007

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 31 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

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.

We can help you find the best banks for small businesses in Hill City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Microlending as a Small Business Funding Source

SBA 7A Banks in Salina, Kansas

Browse All Business Loan Sources for Kansas