SBA Loan from Peoples Bank Helps Gasoline Stations Company

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

Getting a small business loan in Coldwater, Kansas was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Peoples Bank, operating out of Coldwater, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS
COLDWATER, KS 67029

SBA Loan Lender

PEOPLES BANK
101 E MAIN ST
COLDWATER, KS 67029

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

5/16/2007

Loan Approval Gross Amount

$68,600

Loan Approval from the SBA

Of the total $68,600 loan amount, the SBA guaranteed $58,310.

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. This SBA loan request indicated that the loan would help create 2 new jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Coldwater KS, you ought to talk with a local Coldwater SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coldwater businesses.

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 Peoples 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:

Business Incubators

SBA Approved Banks in Coldwater, Kansas

SBA Participating Banks in Kansas