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May 4, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Moundridge, Business Loans > The Citizens State Bank Moundridge Business Loans > Eating Places Loan | ||||
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Get an SBA Loan in Wichita, Kansas
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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. This company, based in Wichita, Kansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Citizens State Bank. We've got the inside scoop on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE CITIZENS STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/6/2005 Loan Approval Gross Amount $482,500 Loan Approval from the SBA Of the total $482,500 loan amount, the SBA guaranteed $361,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $482,500 loan. Remember, things become real when you believe you can achieve them! 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: Best Banks in Moundridge, Kansas
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