Business Loans for Carpentry Contractors

Looking for business loans for carpentry contractors? Talk to a banker who works with the SBA. This $260,000 carpentry contractors loan was issued by a Missouri bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Excel Bank, out of Lee's Summit, Missouri. The loan was granted and they received $260,000 to help grow their Sedalia, Missouri business.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
SEDALIA, MO 65301

SBA Loan Lender

EXCEL BANK
1800 SE BLUE PKWY
LEE'S SUMMIT, MO 64063

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Excel Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Excel Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Lee's Summit, Missouri

Missouri SBA Banks