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May 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Olathe, Business Loans > 1st National Bank - Ola Olathe Business Loans > Eating Places Loan | ||||
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1st National Bank - Ola
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SBA Loan from 1st National Bank - Ola Helps Eating Places Company1st National Bank - Ola and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Lansing, Kansas was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Ola, operating out of Olathe, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender 1ST NATIONAL BANK - OLA 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 small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 5/19/2000 Loan Approval Gross Amount $603,000 Loan Approval from the SBA Of the total $603,000 loan amount, the SBA guaranteed $452,250. 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 65 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 7A Banks for Olathe, Kansas Loans SBA Participating Banks in Kansas
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