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April 28, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mount Hope, Business Loans > 1st National Bank - Southern Kansas Mount Hope Business Loans > Liquor Stores Loan | ||||
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Mount Hope SBA Lenders
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Mount Hope, Kansas Bank Lends Money to Liquor Stores Company in Wichita, KansasA Mount Hope, Kansas SBA loan can be yours. Learn how one firm got a $130,700 business loan from this Kansas bank. This loan to a local firm is a good example of an SBA loan. 1st National Bank - Southern Kansas made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender 1ST NATIONAL BANK - SOUTHERN KANSAS This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program involves 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. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 11/14/2000 Loan Approval Gross Amount $130,700 Loan Approval from the SBA Of the total $130,700 loan amount, the SBA guaranteed $98,025. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank - Southern Kansas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank - Southern Kansas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship Best Banks for Small Business in Mount Hope, Kansas
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