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May 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Pratt, Business Loans > The Peoples Bank Pratt Business Loans > Veterinary Services Loan | ||||
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The Peoples Bank
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Pratt, Kansas Business Gets SBA-Guaranteed Funding from The Peoples BankThe Peoples Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Peoples Bank, out of Pratt, Kansas. The loan was granted and they received $87,300 to help grow their Pratt, Kansas business. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES SBA Loan Lender THE PEOPLES 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 requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 7/2/2003 Loan Approval Gross Amount $87,300 Loan Approval from the SBA Of the total $87,300 loan amount, the SBA guaranteed $74,205. 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 only one employee. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: How Much Venture Capital Is There? Small Business Banks in Pratt, Kansas Browse All Business Loan Sources for Kansas
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