Loan Census Banking News and Information
May 16, 2024  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Mission, Kansas?

 

 
Loan Census SBA Loan Info

Small Business Loans for Chiropractors

Looking for small business loans for chiropractors? Talk to a banker who works with the SBA. This $50,000 chiropractors loan was issued by a Kansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mission, Kansas was able to borrow $50,000 from The Lawrence Bank. The SBA made the loan possible by guaranteeing $40,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
MISSION, KS 66202

SBA Loan Lender

THE LAWRENCE BANK
3500 CLINTON PKWY
LAWRENCE, KS 66047

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

7/26/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Direct Public Offerings

Best Banks in Lawrence, Kansas

Find an SBA Lender in Kansas