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May 9, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Cottonwood Falls, Business Loans > Exchange National Bank Cottonwood Falls Business Loans > Sales Financing Loan | ||||
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We Needed an SBA Loan in Strong City (corporate Name St, Kansas and We Got One!
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Raising Money for Sales FinancingWith these bank loans for sales financing, the SBA guarantees the lender that the loan will be repaid. This sales financing loan for $100,000 was given to a Kansas entrepreneur in 2005. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Exchange National Bank, out of Cottonwood Falls, Kansas. The loan was granted and they received $100,000 to help grow their Strong City (corporate Name St, Kansas business. SBA Loan Borrower COMPANY TYPE: SALES FINANCING SBA Loan Lender EXCHANGE NATIONAL BANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 522220 - Sales Financing Loan Approval Date 8/29/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Exchange National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 7A Lenders in Cottonwood Falls, Kansas
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