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May 5, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Metcalf Bank Overland Park Business Loans > Prerecorded Tape, Compact Disc, And Record Stores Loan | ||||
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Who Lends Money to Leavenworth Entrepreneurs
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Leavenworth, Kansas Entrepreneur Gets an SBA LoanSBA loans in Kansas are hard to find these days. We take a look at one Kansas SBA loan, provided by a Kansas bank, that was approved by the SBA. Getting a small business loan in Leavenworth, Kansas was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Metcalf Bank. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: PRERECORDED TAPE, COMPACT DISC, AND RECORD STORES SBA Loan Lender METCALF BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451220 - Prerecorded Tape, Compact Disc, and Record Stores Loan Approval Date 7/2/2003 Loan Approval Gross Amount $132,100 Loan Approval from the SBA Of the total $132,100 loan amount, the SBA guaranteed $112,285. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Metcalf Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Metcalf 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: Accountant's Role in Securing Financing SBA 7A Banks for Overland Park, Kansas Loans
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