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April 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Whiting, Business Loans > United Bank Of Kansas Whiting Business Loans > Pump It Up Loan | ||||
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Raising Money in Overland Park, Kansas With SBA Loans
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Loan to Buy Pump It Up Franchise Issued By United Bank Of KansasBorrowing money to buy a Pump It Up franchise? United Bank Of Kansas has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pump It Up franchise? If so, here's a 2004 SBA franchise loan that you should know about. United Bank Of Kansas was the lender and the entrepreneur was based in Overland Park, Kansas. SBA Loan Borrower PUMP IT UP SBA Loan Lender UNITED BANK OF KANSAS This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/14/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had 8 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. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 United Bank Of Kansas 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: Small Bank Loans in Whiting, Kansas
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