Get an SBA Loan for Industrial Machinery and Equipment Wholesalers

Looking for small business loans for industrial machinery and equipment wholesalers? An SBA loan may be just what you've been looking for. This $126,875 industrial machinery and equipment wholesalers loan was issued by a Missouri bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of Belton, out of Belton, Missouri. The loan was granted and they received $126,875 to help grow their Raymore, Missouri business.

SBA Loan Borrower

COMPANY TYPE: FOOD PRODUCTS MACHINERY
RAYMORE, MO 64033

SBA Loan Lender

BANK OF BELTON
204 MAIN ST
BELTON, MO 64012

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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

3556 - Food Products Machinery

NAICS Code

421830 - Industrial Machinery and Equipment Wholesalers

Loan Approval Date

10/24/2000

Loan Approval Gross Amount

$126,875

Loan Approval from the SBA

Of the total $126,875 loan amount, the SBA guaranteed $114,188.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Belton and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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SBA Approved Banks in Belton, Missouri

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