Reinsurance Carriers SBA Loans

Looking for SBA loans for reinsurance carriers? Talk to a banker who works with the SBA. This $630,000 reinsurance carriers loan was issued by a Missouri bank.

Getting a small business loan in Fairway, Kansas was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Platte Valley Bank Of Missouri, operating out of Parkville, Missouri. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: REINSURANCE CARRIERS
FAIRWAY, KS 66205

SBA Loan Lender

PLATTE VALLEY BANK OF MISSOURI
8401 NW HWY 45
PARKVILLE, MO 64152

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524130 - Reinsurance Carriers

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$630,000

Loan Approval from the SBA

Of the total $630,000 loan amount, the SBA guaranteed $472,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Platte Valley Bank Of Missouri 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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SBA Approved Banks in Parkville, Missouri

Getting an SBA Loan in Missouri