Getting an SBA Loan for Veterinary Services

With these commercial loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $80,500 was given to a Kansas entrepreneur in 2004.

Getting a small business loan in Florence, Kansas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Marion National Bank, operating out of Marion, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
FLORENCE, KS 66851

SBA Loan Lender

MARION NATIONAL BANK
302 E MAIN ST
MARION, KS 66861

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

3/26/2004

Loan Approval Gross Amount

$80,500

Loan Approval from the SBA

Of the total $80,500 loan amount, the SBA guaranteed $68,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Marion National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Alternative Financing

SBA 7A Banks for Marion, Kansas Loans

Kansas SBA 7A Banks