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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 > Insurance Agents And Brokers Loan | ||||
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Kansas Bank SBA Loans
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Moundridge, Kansas Bank Lends Money to Insurance Agents And Brokers Company in Wichita, KansasThinking about meeting with a Moundridge, Kansas bank about a business loan? Here's one Kansas business loan, issued by a Moundridge bank, that was approved by the SBA. Applying for an SBA loan with The Citizens State Bank worked out well for our friends at one local firm in Wichita, Kansas. They received an SBA loan for $900,000. Awesome! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender THE CITIZENS STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 12/4/2003 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. 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 7 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Microlending as a Small Business Funding Source SBA Banks in Moundridge, Kansas
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