Borrowing Money for Industrial Machinery Manufacturing

With these loans for industrial machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This industrial machinery manufacturing loan for $250,000 was given to a Kansas entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Intrust Bank, out of Prairie Village, Kansas. The loan was granted and they received $250,000 to help grow their Overland Park, Kansas business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
OVERLAND PARK, KS 66213

SBA Loan Lender

INTRUST BANK
4000 SOMERSET
PRAIRIE VILLAGE, KS 66208

This lender issued this debt financing under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3559 - Special Industry Machinery

NAICS Code

333298 - Industrial Machinery Manufacturing

Loan Approval Date

1/9/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Direct Public Offerings

SBA 7A Banks in Prairie Village, Kansas

SBA Kansas Lenders