Financing for Construction, Mining, and Forestry Machinery Equipment Rental and Leasing

Looking for loans for construction, mining, and forestry machinery equipment rental and leasing? Talk to a banker who works with the SBA. This $384,500 construction, mining, and forestry machinery equipment rental and leasing loan was issued by a Missouri bank.

Getting a small business loan in Warrensburg, Missouri was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Warrensburg, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: HEAVY CONSTRUCTION EQUIPMENT RENTAL AND LEASING
WARRENSBURG, MO 64093

SBA Loan Lender

FIRST COMMUNITY BANK
612 N MAGUIRE
WARRENSBURG, MO 64093

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7353 - Heavy Construction Equipment Rental and Leasing

NAICS Code

532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing

Loan Approval Date

2/8/2006

Loan Approval Gross Amount

$384,500

Loan Approval from the SBA

Of the total $384,500 loan amount, the SBA guaranteed $288,375.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Realistic Debt Financing Options

Small Business Banks in Warrensburg, Missouri

Getting an SBA Loan in Missouri