Small Business Loans for Building Equipment Contractors
Looking for small business loans for building equipment contractors? Try the SBA. This $350,000 building equipment contractors loan was issued by a Missouri bank.
This company knew how to go about getting a business bank loan. Based in Kansas City, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Summit Bank Of Kansas City, based in Lee's Summit, Missouri.
SBA Loan Borrower
COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
KANSAS CITY, MO 64129
SBA Loan Lender
SUMMIT BANK OF KANSAS CITY
1650 NE GRAND, STE 100
LEE'S SUMMIT, MO 64086
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
238290 - Building Equipment Contractors
Loan Approval Date
12/18/2007
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
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 30 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 30 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, if it to be, it is up to me!
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 Line of Credit
Small Bank Loans in Lee's Summit, Missouri
SBA Participating Banks in Missouri