First National Bank SBA Loan to Retail Stores Company
Looking to get a Kansas small business loan? Here's one Kansas business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Goodland, Kansas back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from First National Bank, operating out of Goodland, Kansas. Here are the details on this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: RETAIL STORES
GOODLAND, KS 67735
SBA Loan Lender
FIRST NATIONAL BANK
202 E 11TH ST
GOODLAND, KS 67735
This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5999 - Retail Stores
Loan Approval Date
8/4/2000
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $97,500.
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 4 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank and they will explain how you can get an SBA loan for your company.
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:
Microlending as a Small Business Funding Source
Where to Get an SBA Loan in Goodland, Kansas
Kansas SBA Bank Lenders