Kansas City, Missouri Business Gets SBA-Guaranteed Funding from Douglass National Bank

An SBA loan from Douglass National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kansas City, Missouri business owner got a $45,300 loan.

Getting a small business loan in Kansas City, Missouri was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Douglass National Bank, operating out of Kansas City, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
KANSAS CITY, MO 64131

SBA Loan Lender

DOUGLASS NATIONAL BANK
1670 E 63RD ST
KANSAS CITY, MO 64110

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/4/2000

Loan Approval Gross Amount

$45,300

Loan Approval from the SBA

Of the total $45,300 loan amount, the SBA guaranteed $36,240.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Douglass National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Douglass National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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