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May 16, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Iola, Business Loans > Teambank Iola Business Loans > Hardware Loan | ||||
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Teambank Business Loan
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Iola, Kansas Business Gets SBA-Guaranteed Funding from TeambankTeambank has a track record as a leading provider of SBA loans. Find out how this Kansas entrepreneur received an SBA loan from them. Getting a small business loan in Iola, Kansas was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Teambank, operating out of Iola, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE SBA Loan Lender TEAMBANK This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware NAICS Code 444130 - Hardware Stores Loan Approval Date 11/30/2005 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Teambank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 - Getting Venture Capital SBA 7A Lenders in Iola, Kansas
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