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May 5, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Great Bend, Business Loans > Community Bank Of The Midwest Great Bend Business Loans > Testing Laboratories Loan | ||||
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Great Bend Bank Loan
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Great Bend, Kansas Bank Gives SBA Loan to Testing Laboratories CompanyWant to talk with a Great Bend, Kansas bank about a business loan? Here's one Kansas business loan, issued by a Great Bend bank, that was approved by the SBA. Applying for an SBA loan with Community Bank Of The Midwest worked out well for our friends at one local firm in Great Bend, Kansas. The business was able to get an SBA loan for $200,000. Way to go! SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender COMMUNITY BANK OF THE MIDWEST The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541380 - Testing Laboratories Loan Approval Date 12/30/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 8 employees. This SBA loan request indicated that the borrowed money would help create 3 new jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank Of The Midwest that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in Great Bend, Kansas
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