Business Loan from Community Bank Of The Midwest Given to Motor Vehicle Supplies And New Parts Merchant Wholesalers Company
An SBA loan from Community Bank Of The Midwest typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Great Bend, Kansas business owner got a $150,000 loan.
This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community Bank Of The Midwest, out of Great Bend, Kansas. The loan was granted and they received $150,000 to help grow their Great Bend, Kansas business.
SBA Loan Borrower
COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS
GREAT BEND, KS 67530
SBA Loan Lender
COMMUNITY BANK OF THE MIDWEST
2220 BROADWAY
GREAT BEND, KS 67530
This lender issued this particular commercial 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
423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers
Loan Approval Date
9/11/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank Of The Midwest and they will explain how you can get an SBA loan for your company.
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:
Obtaining Funding - How to Decide How Much to Raise
SBA Approved Banks in Great Bend, Kansas
SBA Lenders in Kansas