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April 19, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Kansas City, Business Loans > Umb Bank Kansas City Business Loans > Cornwell Quality Tools Loan | ||||
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Raising Money in Overland Park, Kansas With SBA Loans
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Loan to Buy Cornwell Quality Tool Company,Inc Franchise Issued By Umb BankBorrowing money to invest in a Cornwell Quality Tool Company,Inc franchise? Umb Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Overland Park, Kansas needed money to invest in a Cornwell Quality Tool Company,Inc franchise back in 2002. Umb Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower CORNWELL QUALITY TOOLS SBA Loan Lender UMB BANK This lender issued this particular SBA bank 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. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 6/28/2002 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cornwell Quality Tool Company,Inc franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money We can help you find the best banks for small businesses in Overland Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Kansas City, Missouri
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