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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Olathe, Business Loans > Security Savings Bank, F.S.B. Olathe Business Loans > Gasoline Service Stations Loan | ||||
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Olathe, Kansas SBA 7A Banks
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Olathe, Kansas Bank Gives SBA Loan to Gasoline Service Stations CompanyFind Olathe, Kansas banks that specialize in business loans and know how to work with entrepreneurs. Security Savings Bank, F.S.B. is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Colwich, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Security Savings Bank, F.S.B.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender SECURITY SAVINGS BANK, F.S.B. This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/15/2004 Loan Approval Gross Amount $285,750 Loan Approval from the SBA Of the total $285,750 loan amount, the SBA guaranteed $214,313. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Security Savings Bank, F.S.B. 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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