SBA Loan from Community National Bank Helps Refrigerated Warehousing And Storage Company

Community National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Community National Bank, out of Topeka, Kansas. The loan was granted and they received $298,160 to help grow their Topeka, Kansas business.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATED WAREHOUSING AND STORAGE
TOPEKA, KS 66603

SBA Loan Lender

COMMUNITY NATIONAL BANK
5431 SW 29TH ST
TOPEKA, KS 66614

This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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

4222 - Refrigerated Warehousing and Storage

NAICS Code

493120 - Refrigerated Warehousing and Storage

Loan Approval Date

1/5/2006

Loan Approval Gross Amount

$298,160

Loan Approval from the SBA

Of the total $298,160 loan amount, the SBA guaranteed $223,620.

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 20 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Startup Funding Tip

SBA Participating Banks in Topeka, Kansas

SBA Kansas Banks