Financing for Commercial and Industrial Machinery and Equipment Rental and Leasing

Looking for loans for commercial and industrial machinery and equipment rental and leasing? Talk to a banker who works with the SBA. This $314,900 commercial and industrial machinery and equipment rental and leasing loan was issued by a Kansas bank.

This company knew how to go about getting a business bank loan. Based in Hillsboro, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Central National Bank, based in Junction City, Kansas.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
HILLSBORO, KS 67063

SBA Loan Lender

CENTRAL NATIONAL BANK
802 N WASHINGTON ST
JUNCTION CITY, KS 66441

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

9/14/2004

Loan Approval Gross Amount

$314,900

Loan Approval from the SBA

Of the total $314,900 loan amount, the SBA guaranteed $157,450.

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 2 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Business Incubators

Good Banks for Small Business in Junction City, Kansas

SBA Lenders in Kansas