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May 7, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kingman, Business Loans > Citizens Bank - Kansas Kingman Business Loans > Repair Shops And Related Services Loan | ||||
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Wichita, Kansas Bank for SBA Loans
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General Automotive Repair Bank LoansLooking for bank loans for general automotive repair? The SBA may be the answer. This $321,000 general automotive repair loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wichita, Kansas was able to borrow $321,000 from Citizens Bank - Kansas. The SBA made the loan possible by guaranteeing $240,750 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES SBA Loan Lender CITIZENS BANK - KANSAS This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7699 - Repair Shops and Related Services NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/2/2004 Loan Approval Gross Amount $321,000 Loan Approval from the SBA Of the total $321,000 loan amount, the SBA guaranteed $240,750. 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 11 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank - Kansas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Participating Banks in Kingman, Kansas
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