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May 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kansas City, Business Loans > Commerce Bank Kansas City Business Loans > Legal Services Loan | ||||
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Commerce Bank Kansas City
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Commerce Bank SBA Loan to Legal Services CompanyAn SBA loan from Commerce Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kansas City, Kansas business owner got a $25,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Commerce Bank, out of Kansas City, Missouri. The loan was granted and they received $25,000 to help grow their Kansas City, Kansas business. SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender COMMERCE BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541199 - Legal Services Loan Approval Date 3/3/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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, Missouri
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