 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Kansas Business Loan Sources > Pratt, Business Loans > The Peoples Bank Pratt Business Loans > Membership Sports And Recreation Clubs Loan | ||||
 |
||||
SBA Lenders Kansas
|
||||
 |
Pratt, Kansas Bank Gives SBA Loan to Membership Sports And Recreation Clubs CompanyA Pratt, Kansas SBA loan can be yours. Learn how one firm got a $382,000 business loan from this Kansas bank. This loan to an entrepreneur is a good example of an SBA loan. The Peoples Bank made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP SPORTS AND RECREATION CLUBS SBA Loan Lender THE PEOPLES BANK This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7997 - Membership Sports and Recreation Clubs NAICS Code 713910 - Golf Courses and Country Clubs Loan Approval Date 11/2/2006 Loan Approval Gross Amount $382,000 Loan Approval from the SBA Of the total $382,000 loan amount, the SBA guaranteed $286,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Pratt, Kansas
|
|
||
|
||||
|
|
||||