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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > El Dorado, Business Loans > Community National Bank El Dorado Business Loans > Used Car Dealers Loan | ||||
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Tips for Business Owners On Getting a Loan
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Used Car Dealers Commercial LoansLooking for commercial loans for used car dealers? An SBA loan may be just what you've been looking for. This $137,000 used car dealers loan was issued by a Kansas bank. Getting a small business loan in El Dorado, Kansas was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of El Dorado, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender COMMUNITY NATIONAL BANK 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 441120 - Used Car Dealers Loan Approval Date 1/9/2002 Loan Approval Gross Amount $137,000 Loan Approval from the SBA Of the total $137,000 loan amount, the SBA guaranteed $116,450. 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 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $137,000. How would you spend $137,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Advice on Getting a Small Business Loan Best El Dorado, Kansas Banks for Small Business
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