Get an SBA Loan for General Long-Distance Freight Trucking

Looking for small business loans for general long-distance freight trucking? Talk to a banker who works with the SBA. This $1,002,100 general long-distance freight trucking loan was issued by a Kansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Peoples State Bank, out of Mcdonald, Kansas. The loan was granted and they received $1,002,100 to help grow their Hoxie, Kansas business.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
HOXIE, KS 67748

SBA Loan Lender

PEOPLES STATE BANK
304 RAWLINS AVE
MCDONALD, KS 67745

This bank loan 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.

SIC Code

4213 - Trucking

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

1/30/2006

Loan Approval Gross Amount

$1,002,100

Loan Approval from the SBA

Of the total $1,002,100 loan amount, the SBA guaranteed $751,575.

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 24 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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