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May 18, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Norton, Business Loans > First State Bank Norton Business Loans > Auto And Home Supply Stores Loan | ||||
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SBA Loans from First State Bank
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Business Loan from First State Bank Given to Auto And Home Supply Stores CompanyFirst State Bank has a track record as a leading provider of SBA loans. Find out how this Kansas entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Palco, Kansas was able to borrow $246,500 from First State Bank. The SBA made the loan possible by guaranteeing $184,875 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: AUTO AND HOME SUPPLY STORES SBA Loan Lender FIRST STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5531 - Auto and Home Supply Stores NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 8/12/2002 Loan Approval Gross Amount $246,500 Loan Approval from the SBA Of the total $246,500 loan amount, the SBA guaranteed $184,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Find an SBA Lender in Norton, Kansas
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