Hanston, Kansas Bank Lends Money to Construction Machinery And Equipment Company in Hutchinson, Kansas

Get to know Hanston, Kansas banks that specialize in business loans and know how to work with entrepreneurs. The Hanston State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Hutchinson, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from The Hanston State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT
HUTCHINSON, KS 67501

SBA Loan Lender

THE HANSTON STATE BANK
102 N LOGAN
HANSTON, KS 67849

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3531 - Construction Machinery and Equipment

NAICS Code

333120 - Construction Machinery Manufacturing

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$624,800

Loan Approval from the SBA

Of the total $624,800 loan amount, the SBA guaranteed $468,600.

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 60 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $624,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

The Friends and Family Network

Best Hanston, Kansas Banks for Small Business

SBA Lenders in Kansas