Entrepreneur Works With Topeka, Kansas Bank to Get an SBA Loan
Get to know Topeka, Kansas banks that specialize in business loans and know how to work with entrepreneurs. Corefirst Bank & Trust is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Hoyt, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Corefirst Bank & Trust. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
HOYT, KS 66446
SBA Loan Lender
COREFIRST BANK & TRUST
3035 S TOPEKA AVE
TOPEKA, KS 66611
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
238990 - Specialty Trade Contractors
Loan Approval Date
5/24/2004
Loan Approval Gross Amount
$111,650
Loan Approval from the SBA
Of the total $111,650 loan amount, the SBA guaranteed $55,825.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The loan application indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a business in Hoyt KS, you ought to talk with a local Hoyt SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hoyt businesses.
While you may be able to borrow money from friends and family, 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.
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