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December 19, 2024  
 
 
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Loan Census SBA Loan Info

Clyde, Kansas Bank Lends Money to General Automotive Repair Company in Concordia, Kansas

Find Clyde, Kansas banks that specialize in business loans and know how to work with entrepreneurs. Elk State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Concordia, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Elk State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
CONCORDIA, KS 66901

SBA Loan Lender

ELK STATE BANK
328 WASHINGTON ST
CLYDE, KS 66938

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

811111 - General Automotive Repair

Loan Approval Date

9/5/2007

Loan Approval Gross Amount

$463,800

Loan Approval from the SBA

Of the total $463,800 loan amount, the SBA guaranteed $347,850.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

A Company That Helps Entrepreneurs

SBA 7A Lenders in Clyde, Kansas

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