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May 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Garden City, Business Loans > Garden City State Bank Garden City Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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KS SBA Loans from Garden City State Bank
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SBA Loan from Garden City State Bank Helps Electrical Contractors And Wiring Installation Contractors CompanyAn SBA loan from Garden City State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cimarron, Kansas business owner got a $59,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cimarron, Kansas was able to borrow $59,000 from Garden City State Bank. The SBA made the loan possible by guaranteeing $50,150 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender GARDEN CITY STATE BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 2/25/2004 Loan Approval Gross Amount $59,000 Loan Approval from the SBA Of the total $59,000 loan amount, the SBA guaranteed $50,150. 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Cimarron or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Garden City, Kansas Banks for Small Business
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