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May 17, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Fort Scott, Business Loans > Citizens Bank Fort Scott Business Loans > Limited-Service Restaurants Loan | ||||
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We Needed a Business Loan in Fort Scott, Kansas and We Got One!
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Borrowing Money for Limited-Service RestaurantsWith these loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $90,000 was given to a Kansas entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Scott, Kansas was able to borrow $90,000 from Citizens Bank. The SBA made the loan possible by guaranteeing $76,500 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender CITIZENS BANK This lender issued this particular SBA business 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/9/2002 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 8 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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: Where to Get an SBA Loan in Fort Scott, Kansas
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