Financing for Dimension Stone Mining and Quarrying

With these loans for dimension stone mining and quarrying, the SBA guarantees the lender that the loan will be repaid. This dimension stone mining and quarrying loan for $150,000 was given to a Kansas entrepreneur in 2004.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Union State Bank, out of Winfield, Kansas. The loan was granted and they received $150,000 to help grow their Arkansas City, Kansas business.

SBA Loan Borrower

COMPANY TYPE: DIMENSION STONE
ARKANSAS CITY, KS 67005

SBA Loan Lender

UNION STATE BANK
823 MAIN ST
WINFIELD, KS 67156

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1411 - Dimension Stone

NAICS Code

212311 - Dimension Stone Mining and Quarrying

Loan Approval Date

3/16/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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