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April 28, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mcdonald, Business Loans > Peoples State Bank Mcdonald Business Loans > Farm And Garden Machinery And Equipment Loan | ||||
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How to Get SBA Loans in Oakley, Kansas
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Farm and Garden Machinery and Equipment Merchant Wholesalers LoansLooking for loans for farm and garden machinery and equipment merchant wholesalers? The SBA may be the answer. This $454,800 farm and garden machinery and equipment merchant wholesalers loan was issued by a Kansas bank. Getting a small business loan in Oakley, Kansas was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Peoples State Bank, operating out of Mcdonald, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT SBA Loan Lender PEOPLES STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5083 - Farm and Garden Machinery and Equipment NAICS Code 423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers Loan Approval Date 1/22/2007 Loan Approval Gross Amount $454,800 Loan Approval from the SBA Of the total $454,800 loan amount, the SBA guaranteed $341,100. 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 7 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Peoples State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding From a Venture Capitalist Where to Get an SBA Loan in Mcdonald, Kansas
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