How to Get a Loan for Commercial and Industrial Machinery and Equipment

With these SBA loans for commercial and industrial machinery and equipment, the SBA guarantees the lender that the loan will be repaid. This commercial and industrial machinery and equipment loan for $68,200 was given to a Kansas entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Salina, Kansas was able to borrow $68,200 from Central National Bank. The SBA made the loan possible by guaranteeing $34,100 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT
SALINA, KS 67401

SBA Loan Lender

CENTRAL NATIONAL BANK
802 N WASHINGTON ST
JUNCTION CITY, KS 66441

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$68,200

Loan Approval from the SBA

Of the total $68,200 loan amount, the SBA guaranteed $34,100.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Salina KS, you ought to talk with a local Salina SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salina 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 Central National Bank 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.

Related Links:

Bank Credit Lines

SBA 7A Banks for Junction City, Kansas Loans

SBA Lenders in Kansas