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May 10, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Russell, Business Loans > Umb National Bank Of America Russell Business Loans > Home Centers Loan | ||||
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SBA 7A Banks That Lend to Kansas Business Owners
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Company Gets a Kansas Bank LoanSearching for a Kansas SBA loan? This Kansas entrepreneur got an SBA loan, provided by a Kansas bank that works with the SBA to help small business owners. Getting a small business loan in Russell, Kansas was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Umb National Bank Of America. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: HOME CENTERS SBA Loan Lender UMB NATIONAL BANK OF AMERICA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444110 - Home Centers Loan Approval Date 5/19/2003 Loan Approval Gross Amount $55,500 Loan Approval from the SBA Of the total $55,500 loan amount, the SBA guaranteed $47,175. More Information on This SBA Loan The borrower borrowed this money for an existing 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 small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 $55,500 loan. Remember, if it to be, it is up to me! 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:
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