Machine Shops Business Loans

Looking for business loans for machine shops? Talk to a banker who works with the SBA. This $140,000 machine shops loan was issued by a Kansas bank.

Getting a small business loan in Wichita, Kansas was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Garden Plain State Bank, operating out of Wichita, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
WICHITA, KS 67204

SBA Loan Lender

GARDEN PLAIN STATE BANK
10526 W MAPLE
WICHITA, KS 67209

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332710 - Machine Shops

Loan Approval Date

4/15/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Business Incubators

SBA Approved Banks in Wichita, Kansas

Getting an SBA Loan in Kansas