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April 28, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Merriam, Business Loans > Morrill & Janes Bank & Trust Merriam Business Loans > Business Services Loan | ||||
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Merriam Lenders
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Merriam, Kansas Lender Lends Money to Business Services CompanyA Merriam, Kansas SBA loan can be yours. Learn how a business got a $200,000 business loan from this Kansas bank. This loan to an entrepreneur is a good example of an SBA loan. Morrill & Janes Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender MORRILL & JANES BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541990 - Professional, Scientific, and Technical Services Loan Approval Date 2/6/2002 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $180,000. 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 52 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Bank Loans in Merriam, Kansas
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