Kansas City, Kansas Business Gets SBA-Guaranteed Funding from Country Club Bank

An SBA loan from Country Club Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kansas City, Kansas business owner got a $100,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kansas City, Kansas was able to borrow $100,000 from Country Club Bank. The SBA made the loan possible by guaranteeing $85,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CONSUMER ELECTRONICS REPAIR AND MAINTENANCE
KANSAS CITY, KS 66102

SBA Loan Lender

COUNTRY CLUB BANK
9400 MISSION RD
SHAWNEE MISSION, KS 66206

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811211 - Consumer Electronics Repair and Maintenance

Loan Approval Date

12/5/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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