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May 16, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Johnson, Business Loans > 1st National Bank - Syracuse Johnson Business Loans > Beef Cattle Ranching And Farming Loan | ||||
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Johnson Bank Loan
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Johnson, Kansas Lender Lends Money to Beef Cattle Ranching And Farming CompanyThinking about meeting with a Johnson, Kansas bank about an SBA loan? Here's one Colorado business loan, issued by a Johnson bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Syracuse worked out well for our friends at one local firm in Ault, Colorado. The business was able to get an SBA loan for $126,100. Awesome! SBA Loan Borrower COMPANY TYPE: BEEF CATTLE RANCHING AND FARMING SBA Loan Lender 1ST NATIONAL BANK - SYRACUSE This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112111 - Beef Cattle Ranching and Farming Loan Approval Date 7/11/2001 Loan Approval Gross Amount $126,100 Loan Approval from the SBA Of the total $126,100 loan amount, the SBA guaranteed $107,185. 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 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $126,100 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Johnson, Kansas Where to Get an SBA Loan Kansas
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