Loan Census Banking News and Information
April 6, 2020  
 
 
  Business Loan Information  
 

Kansas City, Missouri Bank Loan

 

 
Loan Census SBA Loan Info

Missouri SBA Loan Issued to Gasoline Service Stations Company

Bank loans in Missouri are are few and far betweeen these days. We take a look at one Missouri bank loan, provided by a Colorado bank, that was approved by the SBA.

You can learn something about getting a small business loan in Kansas City, Missouri by studying this loan to a local company, made back in 2000. Banks like Cit Small Business Lending Corp may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
KANSAS CITY, MO 64134

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1526 COLE BLVD., BLDG #3, STE
GOLDEN, CO 80401

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/19/2000

Loan Approval Gross Amount

$713,000

Loan Approval from the SBA

Of the total $713,000 loan amount, the SBA guaranteed $534,750.

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 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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 $713,000. How would you spend $713,000 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:

Borrowing Money from Friends and Family

SBA Participating Banks in Golden, Colorado

SBA Lenders in Colorado