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May 12, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Coffeyville, Business Loans > Condon National Bank Coffeyville Business Loans > Ready Mixed Concrete Loan | ||||
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Best Banks for Small Business Owners in Kansas
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Kansas Small Business Loan Issued to Ready Mixed Concrete CompanyBusiness loans in Kansas are tough to come by these days. We take a look at one Kansas business loan, provided by a Kansas bank, that was approved by the SBA. Getting a small business loan in Parsons, Kansas was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Condon National Bank. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: READY MIXED CONCRETE SBA Loan Lender CONDON NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3273 - Ready Mixed Concrete NAICS Code 327320 - Ready-Mix Concrete Manufacturing Loan Approval Date 5/4/2005 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents 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 Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Condon National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: The Friends and Family Network Who Lends Money to Small Businesses in Coffeyville, Kansas
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