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May 1, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > First National Bank - Johnson County Overland Park Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Borrowing Money for Automotive Parts and Accessories StoresWith these loans for automotive parts and accessories stores, the SBA guarantees the lender that the loan will be repaid. This automotive parts and accessories stores loan for $485,000 was given to a Kansas entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gardner, Kansas was able to borrow $485,000 from First National Bank - Johnson County. The SBA made the loan possible by guaranteeing $363,750 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender FIRST NATIONAL BANK - JOHNSON COUNTY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 3/10/2005 Loan Approval Gross Amount $485,000 Loan Approval from the SBA Of the total $485,000 loan amount, the SBA guaranteed $363,750. 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. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Gardner KS, you ought to talk with a local Gardner SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gardner businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank - Johnson County 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: Where to Get an SBA Loan in Overland Park, Kansas
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