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May 5, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kansas City, Business Loans > Commerce Bank Kansas City Business Loans > General Long-Distance, Less-Than-One-Truckload Freight Trucking Loan | ||||
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Getting an SBA Loan in Overland Park, Kansas
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Overland Park, Kansas Entrepreneur Gets a Small Business LoanKansasBusiness loans are available to Kansas business owners through the SBA. In this case, a Missouri bank provides the loan. By giving the right information to Commerce Bank, this Overland Park, Kansas business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE, LESS-THAN-ONE-TRUCKLOAD FREIGHT TRUCKING SBA Loan Lender COMMERCE BANK This lender processed this SBA small business 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 484122 - General Long-Distance, Less-Than-One-Truckload Freight Trucking Loan Approval Date 7/5/2007 Loan Approval Gross Amount $195,600 Loan Approval from the SBA Of the total $195,600 loan amount, the SBA guaranteed $97,800. 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Advice on Getting a Small Business Loan Best Banks in Kansas City, Missouri
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