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May 2, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hutchinson, Business Loans > Central Bank And Trust Co. Hutchinson Business Loans > Office Equipment Wholesalers Loan | ||||
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Central Bank And Trust Co.
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SBA Loan from Central Bank And Trust Co. Helps Office Equipment Wholesalers CompanyCentral Bank And Trust Co. and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Hutchinson, Kansas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Central Bank And Trust Co., based in Hutchinson, Kansas. SBA Loan Borrower COMPANY TYPE: OFFICE EQUIPMENT WHOLESALERS SBA Loan Lender CENTRAL BANK AND TRUST CO. This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421420 - Office Equipment Wholesalers Loan Approval Date 10/18/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: A Company That Helps Entrepreneurs Best Banks in Hutchinson, Kansas
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