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May 11, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Belleville, Business Loans > Peoples Exchange Bank Belleville Business Loans > Farm Supplies Loan | ||||
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Banks That Lend to Concordia Business Owners
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Company Gets a Kansas Business LoanKansasSBA loans are available to Kansas entrepreneurs through the SBA. In this case, a Kansas bank provides the loan. Getting a small business loan in Concordia, Kansas was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Peoples Exchange Bank. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES SBA Loan Lender PEOPLES EXCHANGE BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5191 - Farm Supplies NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 2/20/2004 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Peoples Exchange Bank 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: Obtaining Funding - How to Borrow Money Best Banks for Small Business in Belleville, Kansas
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