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May 11, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Wichita, Business Loans > Garden Plain State Bank Wichita Business Loans > Heavy Construction Equipment Rental And Leasing Loan | ||||
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Banks Doing SBA Loans in Kansas
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Wichita, Kansas Bank Gives SBA Loan to Heavy Construction Equipment Rental And Leasing CompanyWant to talk with a Wichita, Kansas bank about a small business loan? Here's one Kansas business loan, issued by a Wichita bank, that was approved by the SBA. Applying for an SBA loan with Garden Plain State Bank worked out well for our friends at one local business in Wichita, Kansas. They received an SBA loan for $650,000. Nice! SBA Loan Borrower COMPANY TYPE: HEAVY CONSTRUCTION EQUIPMENT RENTAL AND LEASING SBA Loan Lender GARDEN PLAIN STATE 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 7353 - Heavy Construction Equipment Rental and Leasing NAICS Code 532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Loan Approval Date 10/21/2004 Loan Approval Gross Amount $650,000 Loan Approval from the SBA Of the total $650,000 loan amount, the SBA guaranteed $487,500. 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 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Garden Plain State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Garden Plain State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Wichita, Kansas
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