Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Kansas City, Missouri Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Century 21 Franchise Issued By Platte Valley Bank Of Missouri

Borrowing money to purchase a Century 21 franchise? Platte Valley Bank Of Missouri has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kansas City, Missouri needed money to invest in a Century 21 franchise back in 2005. Platte Valley Bank Of Missouri issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

CENTURY21 ADVANTAGE PROFESSION
KANSAS CITY, MO 64151

SBA Loan Lender

PLATTE VALLEY BANK OF MISSOURI
2400 NW PRAIRIE VIEW RD
PLATTE CITY, MO 64079

This lender issued this particular small business 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

531210 - Real Estate Agents and Brokers

Loan Approval Date

7/15/2005

Loan Approval Gross Amount

$102,000

Loan Approval from the SBA

Of the total $102,000 loan amount, the SBA guaranteed $86,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Platte Valley Bank Of Missouri and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Century 21 Real Estate Corporation

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Platte City, Missouri

Getting an SBA Loan in Missouri