Business Loans for Farm Machinery and Equipment Manufacturing
Looking for business loans for farm machinery and equipment manufacturing? An SBA loan may be just what you've been looking for. This $200,000 farm machinery and equipment manufacturing loan was issued by a Kansas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Strong City (corporate Name St, Kansas was able to borrow $200,000 from Exchange National Bank. The SBA made the loan possible by guaranteeing $100,000 of this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING
STRONG CITY (CORPORATE NAME ST, KS 66869
SBA Loan Lender
EXCHANGE NATIONAL BANK
235 BROADWAY
COTTONWOOD FALLS, KS 66845
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
333111 - Farm Machinery and Equipment Manufacturing
Loan Approval Date
6/23/2005
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $100,000.
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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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