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May 6, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Wichita, Business Loans > Citizens Bank - Kansas Wichita Business Loans > Florists Loan | ||||
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Citizens Bank - Kansas
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Citizens Bank - Kansas SBA Loan to Florists CompanyCitizens Bank - Kansas 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 growing company knew how to go about getting a business bank loan. Based in Wichita, Kansas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Citizens Bank - Kansas, based in Wichita, Kansas. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender CITIZENS BANK - KANSAS This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. 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 453110 - Florists Loan Approval Date 6/26/2001 Loan Approval Gross Amount $100,700 Loan Approval from the SBA Of the total $100,700 loan amount, the SBA guaranteed $85,595. 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 16 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Bank - Kansas and they will explain how you can get an SBA loan for your company. 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 7A Lenders in Wichita, Kansas
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