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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Iola, Business Loans > Community National Bank Iola Business Loans > Wood Products Loan | ||||
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Garnett Small Business Loans from Community National Bank
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Garnett, Kansas Business Gets SBA-Guaranteed Funding from Community National BankCommunity National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Garnett, Kansas was able to borrow $550,000 from Community National Bank. The SBA made the loan possible by guaranteeing $412,500 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: WOOD PRODUCTS SBA Loan Lender COMMUNITY NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2499 - Wood Products NAICS Code 321999 - Wood Product Manufacturing Loan Approval Date 1/6/2006 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Iola, Kansas
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