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May 8, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hanston, Business Loans > The Hanston State Bank Hanston Business Loans > Construction Machinery And Equipment Loan | ||||
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How to Get SBA Loans in Hutchinson, Kansas
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Where to Get Capital for Construction Machinery ManufacturingLooking for SBA loans for construction machinery manufacturing? An SBA loan may be just what you've been looking for. This $1,000,000 construction machinery manufacturing loan was issued by a Kansas bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Hanston State Bank, out of Hanston, Kansas. The loan was granted and they received $1,000,000 to help grow their Hutchinson, Kansas business. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT SBA Loan Lender THE HANSTON STATE BANK 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 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 3531 - Construction Machinery and Equipment NAICS Code 333120 - Construction Machinery Manufacturing Loan Approval Date 8/22/2005 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 60 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, 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. Related Links: Who Lends Money to Small Businesses in Hanston, Kansas
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