Loans for Petroleum Refineries

With these loans for petroleum refineries, the SBA guarantees the lender that the loan will be repaid. This petroleum refineries loan for $402,000 was given to a Kansas entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in South Hutchinson, Kansas was able to borrow $402,000 from Equity Bank A. The SBA made the loan possible by guaranteeing $294,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM REFINERIES
SOUTH HUTCHINSON, KS 67505

SBA Loan Lender

EQUITY BANK A
225 W CENTRAL
ANDOVER, KS 67002

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

324110 - Petroleum Refineries

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$402,000

Loan Approval from the SBA

Of the total $402,000 loan amount, the SBA guaranteed $294,000.

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 17 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 14 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Small Bank Loans in Andover, Kansas

Where to Get an SBA Loan Kansas