Entrepreneur Works With Eureka, Kansas Bank to Get an SBA Loan
Want to talk with an Eureka, Kansas bank about a small business loan? Here's one Kansas business loan, issued by an Eureka bank, that was approved by the SBA.
Applying for an SBA loan with Home Bank & Trust Company worked out well for our friends at one local company in Clearwater, Kansas. The business was able to get an SBA loan for $100,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
CLEARWATER, KS 67026
SBA Loan Lender
HOME BANK & TRUST COMPANY
217 N MAIN ST
EUREKA, KS 67045
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.
NAICS Code
621310 - Chiropractors
Loan Approval Date
1/14/2005
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. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Home Bank & Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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 Credit Cards
Where to Get an SBA Loan in Eureka, Kansas
Kansas SBA 7A Lenders