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May 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Oakley, Business Loans > Farmers State Bank Of Oakley Oakley Business Loans > Hardware Stores Loan | ||||
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Small Business Banks That Lend to Kansas Small Business Owners
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Farmers State Bank Of Oakley Gives Business Loan to Hardware Stores CompanyKansasSmall business loans are available to Kansas small business owners through the SBA. In this case, a Kansas bank provides the loan. By giving the right information to Farmers State Bank Of Oakley, this Oakley, Kansas business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender FARMERS STATE BANK OF OAKLEY This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 3/24/2003 Loan Approval Gross Amount $270,100 Loan Approval from the SBA Of the total $270,100 loan amount, the SBA guaranteed $202,575. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Farmers State Bank Of Oakley and they will explain how you can get an SBA loan for your company. 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: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in Oakley, Kansas
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