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May 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Salina, Business Loans > Sunflower Bank Salina Business Loans > Farm Supplies Merchant Wholesalers Loan | ||||
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Sunflower Bank Loans
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Get an SBA Loan for Farm Supplies Merchant WholesalersLooking for small business loans for farm supplies merchant wholesalers? Try the SBA. This $250,000 farm supplies merchant wholesalers loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atwood, Kansas was able to borrow $250,000 from Sunflower Bank. The SBA made the loan possible by guaranteeing $125,000 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender SUNFLOWER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 8/15/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 4 employees. The loan application indicated that the loan would help create 4 new jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Atwood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: The Friends and Family Network SBA 7A Lenders in Salina, Kansas
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