Building Material Dealers Loans

With these loans for building material dealers, the SBA guarantees the lender that the loan will be repaid. This building material dealers loan for $474,000 was given to a Kansas entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Overland Park, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was M&i Marshall & Ilsley Bank, based in Leawood, Kansas.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
OVERLAND PARK, KS 66209

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
11301 NALL AVE
LEAWOOD, KS 66211

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

2/17/2006

Loan Approval Gross Amount

$474,000

Loan Approval from the SBA

Of the total $474,000 loan amount, the SBA guaranteed $355,500.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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SBA Approved Banks in Leawood, Kansas

Getting an SBA Loan in Kansas