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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Baldwin City, Business Loans > Kansas State Bank Baldwin City Business Loans > Liquor Stores Loan | ||||
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Kansas State Bank
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Kansas State Bank SBA Loan to Liquor Stores CompanyKansas State 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 small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Kansas State Bank, out of Baldwin City, Kansas. The loan was granted and they received $100,000 to help grow their Baldwin City, Kansas business. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender KANSAS STATE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 7/9/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Kansas State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Baldwin City, Kansas Browse All Business Loan Sources for Kansas
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