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May 10, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kansas City, Business Loans > Security Bank Of Kansas City Kansas City Business Loans > Eating Places Loan | ||||
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What Does It Take to Get a Business Loan in Kansas City, Kansas?
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Raising Money for Full-Service RestaurantsLooking for business loans for full-service restaurants? Try the SBA. This $200,000 full-service restaurants loan was issued by a Kansas bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Security Bank Of Kansas City, out of Kansas City, Kansas. The loan was granted and they received $200,000 to help grow their Kansas City, Kansas business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SECURITY BANK OF KANSAS CITY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/18/2004 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add 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. We can help you find the best banks for small businesses in Kansas City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Kansas City, Kansas
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