Small Business Loans for Nonscheduled Chartered Passenger Air Transportation

With these small business loans for nonscheduled chartered passenger air transportation, the SBA guarantees the lender that the loan will be repaid. This nonscheduled chartered passenger air transportation loan for $75,000 was given to an Arizona entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Cottonwood, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was The Peoples Bank, based in Pratt, Kansas.

SBA Loan Borrower

COMPANY TYPE: AIR TRANSPORTATION, NONSCHEDULED
COTTONWOOD, AZ 86326

SBA Loan Lender

THE PEOPLES BANK
222 S MAIN ST
PRATT, KS 67124

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4522 - Air Transportation, Nonscheduled

NAICS Code

481211 - Nonscheduled Chartered Passenger Air Transportation

Loan Approval Date

2/27/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,000 loan. Remember, anyone can do it... so why not 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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