Entrepreneur Works With Hutchinson, Kansas Bank to Get an SBA Loan

Thinking about meeting with a Hutchinson, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by a Hutchinson bank, that was approved by the SBA.

Applying for an SBA loan with Hutchinson Cu worked out well for our friends at one local business in Hutchinson, Kansas. The business was able to get an SBA loan for $169,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
HUTCHINSON, KS 67501

SBA Loan Lender

HUTCHINSON CU
900 E 23RD ST
HUTCHINSON, KS 67502

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

561990 - Support Services

Loan Approval Date

3/23/2006

Loan Approval Gross Amount

$169,000

Loan Approval from the SBA

Of the total $169,000 loan amount, the SBA guaranteed $84,500.

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 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hutchinson Cu and they will explain how you can get an SBA loan for your company.

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:

Angel Investors

SBA Participating Banks in Hutchinson, Kansas

SBA Kansas Lenders