Farmers Bank & Trust SBA Loan to Limited-Service Restaurants Company

An SBA loan from Farmers Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Great Bend, Kansas business owner got a $39,700 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Great Bend, Kansas was able to borrow $39,700 from Farmers Bank & Trust. The SBA made the loan possible by guaranteeing $33,745 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
GREAT BEND, KS 67665

SBA Loan Lender

FARMERS BANK & TRUST
1017 HARRISON ST
GREAT BEND, KS 67530

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves 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

722211 - Limited-Service Restaurants

Loan Approval Date

8/2/2001

Loan Approval Gross Amount

$39,700

Loan Approval from the SBA

Of the total $39,700 loan amount, the SBA guaranteed $33,745.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels 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.

We can help you find the best banks for small businesses in Great Bend or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Great Bend, Kansas

Kansas SBA 7A Lenders