Machine Tool Manufacturing Small Business Loans

Looking for small business loans for machine tool manufacturing? Talk to a banker who works with the SBA. This $662,312 machine tool manufacturing loan was issued by a Missouri bank.

This small firm knew how to go about getting a business bank loan. Based in Lee's Summit, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Umb Bank, based in Blue Springs, Missouri.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOLS, METAL CUTTING TYPES
LEE'S SUMMIT, MO 64081

SBA Loan Lender

UMB BANK
3500 S OUTER RD
BLUE SPRINGS, MO 64015

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3541 - Machine Tools, Metal Cutting Types

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$662,312

Loan Approval from the SBA

Of the total $662,312 loan amount, the SBA guaranteed $496,734.

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 25 employees. The SBA loan application for the borrower 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!

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

Related Links:

SBIR Funding

Good Banks for Small Business in Blue Springs, Missouri

SBA Participating Banks in Missouri