Soil Preparation, Planting, and Cultivating Bank Loans

With these bank loans for soil preparation, planting, and cultivating, the SBA guarantees the lender that the loan will be repaid. This soil preparation, planting, and cultivating loan for $350,000 was given to a Kansas entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Harveyville, Kansas was able to borrow $350,000 from First National Bank - Harveyville. The SBA made the loan possible by guaranteeing $175,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SOIL PREPARATION, PLANTING, AND CULTIVATING
HARVEYVILLE, KS 66431

SBA Loan Lender

FIRST NATIONAL BANK - HARVEYVILLE
197 MAIN ST
HARVEYVILLE, KS 66431

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

12/29/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Alternative Financing

SBA Banks in Harveyville, Kansas

Getting a Business Loan in Kansas