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May 10, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Parsons, Business Loans > Teambank Parsons Business Loans > Full-Service Restaurants Loan | ||||
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Parsons Bank Loan
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Entrepreneur Works With Parsons, Kansas Bank to Get an SBA LoanThinking about meeting with a Parsons, Kansas bank about a business loan? Here's one Kansas business loan, issued by a Parsons bank, that was approved by the SBA. Applying for an SBA loan with Teambank worked out well for our friends at one local firm in Parsons, Kansas. They got an SBA loan for $104,600. Nice! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender TEAMBANK This lender issued this particular 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 722110 - Full-Service Restaurants Loan Approval Date 3/21/2002 Loan Approval Gross Amount $104,600 Loan Approval from the SBA Of the total $104,600 loan amount, the SBA guaranteed $88,910. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $104,600 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: SBA Participating Banks in Parsons, Kansas
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