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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Canton, Business Loans > The State Bank Of Canton Canton Business Loans > Car Washes Loan | ||||
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I Need a Small Business Loan in Galva, Kansas
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Business Loans for Car WashesWith these business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $86,400 was given to a Kansas entrepreneur in 2001. Getting a small business loan in Galva, Kansas was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The State Bank Of Canton, operating out of Canton, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender THE STATE BANK OF CANTON This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/28/2001 Loan Approval Gross Amount $86,400 Loan Approval from the SBA Of the total $86,400 loan amount, the SBA guaranteed $73,440. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 The State Bank Of Canton 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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