Get an SBA Loan for Machine Shops

Looking for loans for machine shops? Talk to a banker who works with the SBA. This $55,500 machine shops loan was issued by a Kansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ulysses, Kansas was able to borrow $55,500 from Bank Of Ulysses. The SBA made the loan possible by guaranteeing $47,175 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
ULYSSES, KS 67880

SBA Loan Lender

BANK OF ULYSSES
220 E OKLAHOMA
ULYSSES, KS 67880

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

11/19/2002

Loan Approval Gross Amount

$55,500

Loan Approval from the SBA

Of the total $55,500 loan amount, the SBA guaranteed $47,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Ulysses had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Ulysses 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.

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SBA Approved Banks in Ulysses, Kansas

SBA Lenders in Kansas