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May 3, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hutchinson, Business Loans > Peoples Bank & Trust Co. Hutchinson Business Loans > Retail Stores Loan | ||||
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Kansas Small Business SBA Loans
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Growing Company Gets a Kansas Bank LoanSearching for a Kansas bank loan? This Kansas entrepreneur got a bank loan, provided by a Kansas bank that works with the SBA to help small business owners. This company, based in Hutchinson, Kansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Peoples Bank & Trust Co.. We've got the inside scoop on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender PEOPLES BANK & TRUST CO. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 3/22/2000 Loan Approval Gross Amount $74,600 Loan Approval from the SBA Of the total $74,600 loan amount, the SBA guaranteed $59,680. More Information on This SBA Loan The borrower borrowed this money for a new 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. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. We can help you find the best banks for small businesses in Hutchinson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in Hutchinson, Kansas
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