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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Olathe, Business Loans > 1st National Bank - Ola Olathe Business Loans > Confectionery And Nut Stores Loan | ||||
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Kansas City, Missouri Bank Loan
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How to Get a Loan for Confectionery and Nut StoresLooking for commercial loans for confectionery and nut stores? An SBA loan may be just what you've been looking for. This $219,000 confectionery and nut stores loan was issued by a Kansas bank. Getting a small business loan in Kansas City, Missouri was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Ola, operating out of Olathe, Kansas. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: CONFECTIONERY AND NUT STORES SBA Loan Lender 1ST NATIONAL BANK - OLA This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445292 - Confectionery and Nut Stores Loan Approval Date 3/21/2001 Loan Approval Gross Amount $219,000 Loan Approval from the SBA Of the total $219,000 loan amount, the SBA guaranteed $164,250. 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 102 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 86 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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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