Commercial and Industrial Machinery and Equipment Loans

Looking for loans for commercial and industrial machinery and equipment? An SBA loan may be just what you've been looking for. This $520,000 commercial and industrial machinery and equipment loan was issued by a Kansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mc Pherson, Kansas was able to borrow $520,000 from Home State Bank & Trust. The SBA made the loan possible by guaranteeing $390,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
MC PHERSON, KS 67460

SBA Loan Lender

HOME STATE BANK & TRUST
223 N MAIN ST
MCPHERSON, KS 67460

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

8/16/2005

Loan Approval Gross Amount

$520,000

Loan Approval from the SBA

Of the total $520,000 loan amount, the SBA guaranteed $390,000.

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 22 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Mc Pherson KS, you ought to talk with a local Mc Pherson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mc Pherson businesses.

This SBA loan was for $520,000. How would you spend $520,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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