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May 16, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Lawrence, Business Loans > Douglas County Bank Lawrence Business Loans > No Industry Type Specified Loan | ||||
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Lawrence Bank Loan
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Lawrence, Kansas Bank Gives SBA Loan to No Industry Type Specified CompanyWant to talk with a Lawrence, Kansas bank about a small business loan? Here's one Kansas business loan, issued by a Lawrence bank, that was approved by the SBA. Applying for an SBA loan with Douglas County Bank worked out well for our friends at one local firm in Lawrence, Kansas. The business was able to get an SBA loan for $8,800. Awesome! SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender DOUGLAS COUNTY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 Loan Approval Date 12/19/2006 Loan Approval Gross Amount $8,800 Loan Approval from the SBA Of the total $8,800 loan amount, the SBA guaranteed $4,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Douglas County Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Advice on Getting a Small Business Loan SBA 7A Banks for Lawrence, Kansas Loans
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