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April 28, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Overland Park, Business Loans > National Bank Of Kansas City Overland Park Business Loans > Drycleaning And Laundry Services Loan | ||||
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SBA 7A Banks in Missouri
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Small Business Loans for Drycleaning and Laundry ServicesLooking for small business loans for drycleaning and laundry services? The SBA may be the answer. This $67,500 drycleaning and laundry services loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kansas City, Missouri was able to borrow $67,500 from National Bank Of Kansas City. The SBA made the loan possible by guaranteeing $57,375 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender NATIONAL BANK OF KANSAS CITY 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. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 2/2/2004 Loan Approval Gross Amount $67,500 Loan Approval from the SBA Of the total $67,500 loan amount, the SBA guaranteed $57,375. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $67,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 - Friends and Family Small Bank Loans in Overland Park, Kansas
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