Burlingame, Kansas Entrepreneur Gets an SBA Loan

Small business loans in Kansas are are few and far betweeen these days. We take a look at one Kansas small business loan, provided by a Kansas bank, that was approved by the SBA.

This company, based in Burlingame, Kansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from 1st St. Bank - Burlingame. We've got the inside scoop on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT PACKING PLANTS
BURLINGAME, KS 66413

SBA Loan Lender

1ST ST. BANK - BURLINGAME
115 S TOPEKA
BURLINGAME, KS 66413

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2011 - Meat Packing Plants

NAICS Code

311611 - Animal Slaughtering

Loan Approval Date

3/22/2000

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $41,600.

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 6 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st St. Bank - Burlingame 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:

Angel Investors

SBA 7A Banks for Burlingame, Kansas Loans

SBA Lenders in Kansas