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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Lyons, Business Loans > The Lyons State Bank Lyons Business Loans > Highway And Street Construction Loan | ||||
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SBA Lender Kansas
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Business Loan from The Lyons State Bank Given to Highway And Street Construction CompanyThe Lyons State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Kansas entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Lyons State Bank, out of Lyons, Kansas. The loan was granted and they received $1,502,800 to help grow their Kanopolis, Kansas business. SBA Loan Borrower COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION SBA Loan Lender THE LYONS STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1611 - Highway and Street Construction NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 7/8/2003 Loan Approval Gross Amount $1,502,800 Loan Approval from the SBA Of the total $1,502,800 loan amount, the SBA guaranteed $999,993. 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 28 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours 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:
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