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May 11, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Junction City, Business Loans > Central National Bank Junction City Business Loans > Service Establishment Equipment And Supplies Merchant Wholesalers Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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Service Establishment Equipment and Supplies Merchant Wholesalers Commercial LoansLooking for commercial loans for service establishment equipment and supplies merchant wholesalers? The SBA may be the answer. This $65,000 service establishment equipment and supplies merchant wholesalers loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Topeka, Kansas was able to borrow $65,000 from Central National Bank. The SBA made the loan possible by guaranteeing $32,500 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender CENTRAL NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423850 - Service Establishment Equipment and Supplies Merchant Wholesalers Loan Approval Date 8/13/2004 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 3 employees. The SBA loan application for the borrower indicated that the funding would help create 3 new jobs. Getting an SBA Loan For Your Business If you need business start up money in Topeka KS, you ought to talk with a local Topeka SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Topeka businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Banks in Junction City, Kansas
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