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May 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hoxie, Business Loans > Peoples State Bank Hoxie Business Loans > Animal Production Loan | ||||
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Hoxie SBA Lenders
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Entrepreneur Works With Hoxie, Kansas Bank to Get an SBA LoanThinking about meeting with a Hoxie, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by a Hoxie bank, that was approved by the SBA. Applying for an SBA loan with Peoples State Bank worked out well for our friends at one local business in Selden, Kansas. They got an SBA loan for $99,000. Sweet! SBA Loan Borrower COMPANY TYPE: ANIMAL PRODUCTION SBA Loan Lender PEOPLES STATE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. 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 112990 - Animal Production Loan Approval Date 7/14/2003 Loan Approval Gross Amount $99,000 Loan Approval from the SBA Of the total $99,000 loan amount, the SBA guaranteed $84,150. 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 only one employee. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 $99,000 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: Where to Get an SBA Loan in Hoxie, Kansas
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