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May 16, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Lyons, Business Loans > Lyons Fed. Savings Association Lyons Business Loans > Grocery Stores Loan | ||||
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Banks Doing SBA Loans in Kansas
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Lyons, Kansas Bank Lends Money to Grocery Stores Company in Moundridge, KansasWant to talk with a Lyons, Kansas bank about a small business loan? Here's one Kansas business loan, issued by a Lyons bank, that was approved by the SBA. Applying for an SBA loan with Lyons Fed. Savings Association worked out well for our friends at one local company in Moundridge, Kansas. They got an SBA loan for $171,000. Sweet! SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender LYONS FED. SAVINGS ASSOCIATION This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 12/18/2006 Loan Approval Gross Amount $171,000 Loan Approval from the SBA Of the total $171,000 loan amount, the SBA guaranteed $128,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application 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) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $171,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Borrowing Money from Friends and Family Small Business Banks in Lyons, Kansas
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