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November 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hoxie, Business Loans > Peoples State Bank Hoxie Business Loans > Security Systems Services Loan | ||||
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KS SBA Loans from Peoples State Bank
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Peoples State Bank SBA Loan to Security Systems Services CompanyAn SBA loan from Peoples State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hoxie, Kansas business owner got a $76,300 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hoxie, Kansas was able to borrow $76,300 from Peoples State Bank. The SBA made the loan possible by guaranteeing $64,855 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender PEOPLES STATE BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561621 - Security Systems Services Loan Approval Date 10/31/2001 Loan Approval Gross Amount $76,300 Loan Approval from the SBA Of the total $76,300 loan amount, the SBA guaranteed $64,855. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $76,300 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - How to Borrow Money Small Bank Loans in Hoxie, Kansas
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