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May 12, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Topeka, Business Loans > Kaw Valley Bank Topeka Business Loans > Groceries And Related Products Loan | ||||
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Who Lends Money to Lawrence Small Business Owners
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Lawrence, Kansas Entrepreneur Gets a Bank LoanWant a Kansas small business loan? This Kansas entrepreneur got a small business loan, provided by a Kansas bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Lawrence, Kansas by studying this loan to a local company, made back in 2004. Banks like Kaw Valley Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GROCERIES AND RELATED PRODUCTS SBA Loan Lender KAW VALLEY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5149 - Groceries and Related Products NAICS Code 422490 - Grocery and Related Products Wholesalers Loan Approval Date 11/23/2004 Loan Approval Gross Amount $210,400 Loan Approval from the SBA Of the total $210,400 loan amount, the SBA guaranteed $157,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kaw Valley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kaw Valley 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. Related Links: Microlending as a Small Business Funding Source Best Topeka, Kansas Banks for Small Business
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