Raising Money for Investigation Services

With these bank loans for investigation services, the SBA guarantees the lender that the loan will be repaid. This investigation services loan for $400,000 was given to a Missouri entrepreneur in 2002.

Getting a small business loan in Kansas City, Missouri was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Morrill & Janes Bank & Trust, operating out of Merriam, Kansas. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: DETECTIVE, GUARD, AND ARMORED CAR SERVICES
KANSAS CITY, MO 64108

SBA Loan Lender

MORRILL & JANES BANK & TRUST
6740 ANTIOCH RD
MERRIAM, KS 66204

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7381 - Detective, Guard, and Armored Car Services

NAICS Code

561611 - Investigation Services

Loan Approval Date

4/12/2002

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 98 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Morrill & Janes Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Where to Get an SBA Loan in Merriam, Kansas

Kansas SBA 7A Banks