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December 19, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mcdonald, Business Loans > Peoples State Bank Mcdonald Business Loans > Sporting And Recreational Goods And Supplies Merchant Wholesalers Loan | ||||
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Who Lends Money to Goodland Entrepreneurs
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Goodland, Kansas Entrepreneur Gets a Business LoanKansasSmall business loans are available to Kansas small business owners through the SBA. In this case, a Kansas bank provides the loan. You can learn something about getting a small business loan in Goodland, Kansas by studying this loan to a local company, made back in 2003. Banks like Peoples State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender PEOPLES STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers Loan Approval Date 8/8/2003 Loan Approval Gross Amount $47,500 Loan Approval from the SBA Of the total $47,500 loan amount, the SBA guaranteed $40,375. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Good Banks for Small Business in Mcdonald, Kansas
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