How to Get a Loan for Machine Shops

Looking for business loans for machine shops? The SBA may be the answer. This $157,900 machine shops loan was issued by a Missouri bank.

This small business knew how to go about getting a business bank loan. Based in West Plains, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of Thayer, based in Thayer, Missouri.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT
WEST PLAINS, MO 65775

SBA Loan Lender

BANK OF THAYER
116 CHESTNUT
THAYER, MO 65791

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3599 - Industrial and Commercial Machinery and Equipment

NAICS Code

332710 - Machine Shops

Loan Approval Date

11/30/2001

Loan Approval Gross Amount

$157,900

Loan Approval from the SBA

Of the total $157,900 loan amount, the SBA guaranteed $118,425.

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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in West Plains or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Role of Business Plan When Raising Money

SBA 7A Banks in Thayer, Missouri

Getting an SBA Loan in Missouri