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May 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Topeka, Business Loans > Community National Bank Topeka Business Loans > Aircraft Parts And Auxiliary Equipment Manufacturing Loan | ||||
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Community National Bank Small Business Loan
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Aircraft Parts and Auxiliary Equipment Manufacturing Business LoansLooking for business loans for aircraft parts and auxiliary equipment manufacturing? Talk to a banker who works with the SBA. This $150,000 aircraft parts and auxiliary equipment manufacturing loan was issued by a Kansas bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community National Bank, out of Topeka, Kansas. The loan was granted and they received $150,000 to help grow their Delia, Kansas business. SBA Loan Borrower COMPANY TYPE: AIRCRAFT PARTS AND AUXILIARY EQUIPMENT MANUFACTURING SBA Loan Lender COMMUNITY NATIONAL BANK 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 336413 - Aircraft Parts and Auxiliary Equipment Manufacturing Loan Approval Date 5/30/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community National Bank and they will explain how you can get an SBA loan for your company. 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: A Company That Helps Entrepreneurs
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