Get an SBA Loan for Aircraft Parts and Auxiliary Equipment Manufacturing

Looking for loans for aircraft parts and auxiliary equipment manufacturing? The SBA may be the answer. This $1,500,000 aircraft parts and auxiliary equipment manufacturing loan was issued by a Kansas bank.

Getting a small business loan in Derby, Kansas was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank, operating out of Wichita, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING
DERBY, KS 67037

SBA Loan Lender

COMMERCE BANK
1551 N WATERFRONT PKWY
WICHITA, KS 67206

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336413 - Aircraft Parts and Auxiliary Equipment Manufacturing

Loan Approval Date

5/18/2005

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 43 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 43 existing jobs.

Next Steps for Getting an SBA Loan

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commerce Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commerce Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Credit Evaluation

Who Lends Money to Small Businesses in Wichita, Kansas

Getting an SBA Loan in Kansas