Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Business Loans

Looking for business loans for construction, mining, and forestry machinery equipment rental and leasing? Try the SBA. This $77,000 construction, mining, and forestry machinery equipment rental and leasing loan was issued by a Kansas bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Community First National Bank, out of Manhattan, Kansas. The loan was granted and they received $77,000 to help grow their Manhattan, Kansas business.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING
MANHATTAN, KS 66503

SBA Loan Lender

COMMUNITY FIRST NATIONAL BANK
215 S SETH CHILD RD
MANHATTAN, KS 66502

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 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.

NAICS Code

532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$77,000

Loan Approval from the SBA

Of the total $77,000 loan amount, the SBA guaranteed $65,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Manhattan KS, you ought to talk with a local Manhattan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manhattan businesses.

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.

Related Links:

Getting a Small Business Loan

Best Banks for Small Business in Manhattan, Kansas

Find an SBA Lender in Kansas