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May 7, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > 1st National Bank - Ola Overland Park Business Loans > Paint, Glass, And Wallpaper Stores Loan | ||||
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Overland Park Lenders
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Overland Park, Kansas Lender Lends Money to Paint, Glass, And Wallpaper Stores CompanyWant to talk with an Overland Park, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by an Overland Park bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Ola worked out well for our friends at one local firm in Overland Park, Kansas. The business was able to get an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: PAINT, GLASS, AND WALLPAPER STORES SBA Loan Lender 1ST NATIONAL BANK - OLA The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business 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 5231 - Paint, Glass, and Wallpaper Stores NAICS Code 444120 - Paint and Wallpaper Stores Loan Approval Date 9/7/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, you control your own destiny. 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: Microlending as a Small Business Funding Source Best Overland Park, Kansas Banks for Small Business
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