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May 5, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Olathe, Business Loans > 1st National Bank - Ola Olathe Business Loans > Professional, Scientific, And Technical Services Loan | ||||
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1st National Bank - Ola
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Business Loan from 1st National Bank - Ola Given to Professional, Scientific, And Technical Services CompanyAn SBA loan from 1st National Bank - Ola typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Overland Park, Kansas business owner got a $350,000 loan. This growing company knew how to go about getting a business bank loan. Based in Overland Park, Kansas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was 1st National Bank - Ola, based in Olathe, Kansas. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES SBA Loan Lender 1ST NATIONAL BANK - OLA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541990 - Professional, Scientific, and Technical Services Loan Approval Date 12/27/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 37 employees. This SBA loan request indicated that the loan would help retain 49 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Participating Banks in Olathe, Kansas Getting a Business Loan in Kansas
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