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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Junction City, Business Loans > Central National Bank Junction City Business Loans > Commercial Screen Printing Loan | ||||
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Business Loan from Central National Bank
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SBA Loan from Central National Bank Helps Commercial Screen Printing CompanyCentral 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. Getting a small business loan in Baldwin City, Kansas was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Central National Bank, operating out of Junction City, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL SCREEN PRINTING SBA Loan Lender CENTRAL NATIONAL BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323113 - Commercial Screen Printing Loan Approval Date 9/8/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 4 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Central National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks in Junction City, Kansas
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