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May 2, 2024  
 
 
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Derby, Kansas Business Gets SBA-Guaranteed Funding from Boeing Wichita Cu

Boeing Wichita Cu is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kansas entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Derby, Kansas was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Boeing Wichita Cu, operating out of Wichita, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
DERBY, KS 67037

SBA Loan Lender

BOEING WICHITA CU
8710 E 32ND ST NORTH
WICHITA, KS 67226

This lender issued this SBA small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/10/2007

Loan Approval Gross Amount

$213,800

Loan Approval from the SBA

Of the total $213,800 loan amount, the SBA guaranteed $160,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $213,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Accountant's Role in Securing Financing

SBA 7A Banks in Wichita, Kansas

Kansas SBA 7A Lenders