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May 6, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Wellington, Business Loans > First National Bank In Wellington Wellington Business Loans > Document Preparation Services Loan | ||||
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How to Get SBA Loans in Wichita, Kansas
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Document Preparation Services Small Business LoansWith these small business loans for document preparation services, the SBA guarantees the lender that the loan will be repaid. This document preparation services loan for $65,000 was given to a Kansas entrepreneur in 2001. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wichita, Kansas was able to borrow $65,000 from First National Bank In Wellington. The SBA made the loan possible by guaranteeing $55,250 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: DOCUMENT PREPARATION SERVICES SBA Loan Lender FIRST NATIONAL BANK IN WELLINGTON This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561410 - Document Preparation Services Loan Approval Date 4/5/2001 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. 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 2 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank In Wellington are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Wellington, Kansas
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