 |
 |
April 25, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mount Hope, Business Loans > 1st National Bank - Southern Kansas Mount Hope Business Loans > Computer Doctor Heartland Inc Loan | ||||
 |
||||
How to Get SBA Loans in Hutchinson, Kansas
|
||||
 |
Kansas Entrepreneur Secures Financing to Buy Computer Doctor FranchiseNeed money to buy a Computer Doctor franchise? 1st National Bank - Southern Kansas has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Computer Doctor franchise shouldn't be too tough. In 2001, 1st National Bank - Southern Kansas issued an SBA franchise loan to an entrepreneur in Hutchinson, Kansas. Because Computer Doctor was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis. SBA Loan Borrower COMPUTER DOCTOR HEARTLAND INC SBA Loan Lender 1ST NATIONAL BANK - SOUTHERN KANSAS This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811212 - Computer and Office Machine Repair and Maintenance Loan Approval Date 8/23/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Computer Doctor franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st National Bank - Southern Kansas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st National Bank - Southern Kansas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Mount Hope, Kansas
|
|
||
|
||||
|
|
||||