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May 17, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Winfield, Business Loans > Union State Bank Winfield Business Loans > Full-Service Restaurants Loan | ||||
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Banks in Kansas
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Full-Service Restaurants Commercial LoansWith these commercial loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $89,600 was given to a Kansas entrepreneur in 2003. This business knew how to go about getting a business bank loan. Based in Winfield, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Union State Bank, based in Winfield, Kansas. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender UNION STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/23/2003 Loan Approval Gross Amount $89,600 Loan Approval from the SBA Of the total $89,600 loan amount, the SBA guaranteed $76,160. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Union State Bank and they will explain how you can get an SBA loan for your company. 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: Realistic Debt Financing Options SBA Approved Banks in Winfield, Kansas SBA Participating Banks in Kansas
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