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May 11, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Emporia, Business Loans > The Lyon County State Bank Emporia Business Loans > Physical Fitness Facilities Loan | ||||
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Emporia Bank Loan
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Emporia, Kansas Bank Gives SBA Loan to Physical Fitness Facilities CompanyWant to talk with an Emporia, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by an Emporia bank, that was approved by the SBA. Applying for an SBA loan with The Lyon County State Bank worked out well for our friends at one local firm in Emporia, Kansas. They received an SBA loan for $125,000. Great job! SBA Loan Borrower COMPANY TYPE: PHYSICAL FITNESS FACILITIES SBA Loan Lender THE LYON COUNTY STATE BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 9/8/2000 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. 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 5 employees. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Lyon County State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Banks in Emporia, Kansas
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