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May 7, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Lee's Summit, Business Loans > Summit Bank Of Kansas City Lee's Summit Business Loans > Car Washes Loan | ||||
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Raising Money in Lees Summit, Missouri With SBA Loans
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Business Loans for Car WashesWith these business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $115,000 was given to a Missouri entrepreneur in 2006. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Summit Bank Of Kansas City, out of Lee's Summit, Missouri. The loan was granted and they received $115,000 to help grow their Lees Summit, Missouri business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender SUMMIT BANK OF KANSAS CITY This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 811192 - Car Washes Loan Approval Date 10/20/2006 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $57,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Summit Bank Of Kansas City had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Summit Bank Of Kansas City 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: The Friends and Family Network Best Banks for Small Business in Lee's Summit, Missouri
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