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May 17, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Fort Scott, Business Loans > Citizens Bank Fort Scott Business Loans > Support Activities For Air Transportation Loan | ||||
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Raising Money in Pittsburg, Kansas With SBA Loans
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Small Business Loans for Support Activities for Air TransportationLooking for small business loans for support activities for air transportation? The SBA may be the answer. This $60,000 support activities for air transportation loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pittsburg, Kansas was able to borrow $60,000 from Citizens Bank. The SBA made the loan possible by guaranteeing $51,000 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR AIR TRANSPORTATION SBA Loan Lender CITIZENS BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 11/14/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Citizens 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: Find an SBA Lender in Fort Scott, Kansas
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