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May 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Salina, Business Loans > First Bank Kansas Salina Business Loans > Lumber And Other Building Materials Dealer Loan | ||||
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Kansas Bank SBA Loans
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First Bank Kansas SBA Loan to Lumber And Other Building Materials Dealer CompanyWant a Kansas SBA loan? Here's one Kansas business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ellsworth, Kansas was able to borrow $516,000 from First Bank Kansas. The SBA made the loan possible by guaranteeing $387,000 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER SBA Loan Lender FIRST BANK KANSAS This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5211 - Lumber and Other Building Materials Dealer NAICS Code 421310 - Loan Approval Date 6/12/2000 Loan Approval Gross Amount $516,000 Loan Approval from the SBA Of the total $516,000 loan amount, the SBA guaranteed $387,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Bank Kansas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Bank Kansas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Microlending as a Small Business Funding Source SBA 7A Banks for Salina, Kansas Loans
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