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

Overland Park Bank Loan

 

 
Loan Census SBA Loan Info

Overland Park, Kansas Bank Lends Money to Power Laundries, Family And Commercial Company in Kansas City, Missouri

Get business loans from an Overland Park, Kansas bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Cornerstone Bank is a Overland Park, Kansas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Missouri company.

SBA Loan Borrower

COMPANY TYPE: POWER LAUNDRIES, FAMILY AND COMMERCIAL
KANSAS CITY, MO 64106

SBA Loan Lender

CORNERSTONE BANK
9120 W 135TH ST
OVERLAND PARK, KS 66221

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7211 - Power Laundries, Family and Commercial

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,280,000.

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 91 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cornerstone Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cornerstone Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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SBA Banks in Overland Park, Kansas

Kansas SBA 7A Lenders