Kansas Small Business Loan Issued to Eating Places Company
Searching for a Kansas small business loan? This Kansas entrepreneur got a small business loan, provided by a Kansas bank that works with the SBA to help small business owners.
Getting a small business loan in Chanute, Kansas was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank. Here are the details on this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
CHANUTE, KS 66720
SBA Loan Lender
COMMUNITY NATIONAL BANK
14 N LINCOLN
CHANUTE, KS 66720
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.
SIC Code
5812 - Eating Places
Loan Approval Date
5/15/2000
Loan Approval Gross Amount
$78,000
Loan Approval from the SBA
Of the total $78,000 loan amount, the SBA guaranteed $62,400.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community 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.
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