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May 2, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kansas City, Business Loans > Umb Bank Kansas City Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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Wichita, Kansas Bank Loan
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Getting an SBA Loan for Plumbing, Heating, and Air-Conditioning ContractorsLooking for commercial loans for plumbing, heating, and air-conditioning contractors? The SBA may be the answer. This $60,000 plumbing, heating, and air-conditioning contractors loan was issued by a Missouri bank. Getting a small business loan in Wichita, Kansas was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Umb Bank, operating out of Kansas City, Missouri. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender UMB BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 2/25/2005 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 5 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 SBA 7A Banks in Kansas City, Missouri
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