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May 13, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Overland Park, Business Loans > National Bank Of Kansas City Overland Park Business Loans > Florists Loan | ||||
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Requirements for Businesses On Getting a Loan
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Financing for FloristsWith these loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $95,000 was given to a Missouri entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Independence, Missouri was able to borrow $95,000 from National Bank Of Kansas City. The SBA made the loan possible by guaranteeing $80,750 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender NATIONAL BANK OF KANSAS CITY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 10/9/2003 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 5 employees. The loan application did not indicate that the SBA funding recipient promised 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. 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 National Bank Of Kansas City 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: Best Banks in Overland Park, Kansas
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