Chanute, Kansas Business Gets SBA-Guaranteed Funding from Community National Bank

Community National Bank has a track record as a leading provider of SBA loans. Find out how this Kansas entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Chanute, Kansas, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Community National Bank, based in Chanute, Kansas.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
CHANUTE, KS 66720

SBA Loan Lender

COMMUNITY NATIONAL BANK
14 N LINCOLN
CHANUTE, KS 66720

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $73,500.

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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Community National 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:

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Good Banks for Small Business in Chanute, Kansas

SBA Participating Banks in Kansas