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May 3, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Norton, Business Loans > First Security Bank & Trust Norton Business Loans > Felton's Warehouse Building Ce Loan | ||||
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How to Get SBA Loans in Norton, Kansas
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Kansas Entrepreneur Secures Financing to Buy Ace Hardware FranchiseNeed a loan to purchase an Ace Hardware franchise? First Security Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Norton, Kansas needed money to invest in an Ace Hardware franchise back in 2006. First Security Bank & Trust issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower FELTON'S WAREHOUSE BUILDING CE SBA Loan Lender FIRST SECURITY BANK & TRUST This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444110 - Home Centers Loan Approval Date 10/4/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Security Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Find an SBA Lender in Norton, Kansas
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