Hardware Merchant Wholesalers Loans
Looking for loans for hardware merchant wholesalers? Talk to a banker who works with the SBA. This $100,000 hardware merchant wholesalers loan was issued by a Kansas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kansas City, Missouri was able to borrow $100,000 from 1st National Bank - Ola. The SBA made the loan possible by guaranteeing $50,000 of this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: HARDWARE MERCHANT WHOLESALERS
KANSAS CITY, MO 64116
SBA Loan Lender
1ST NATIONAL BANK - OLA
444 E SANTA FE
OLATHE, KS 66061
This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
423710 - Hardware Merchant Wholesalers
Loan Approval Date
2/16/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
How to Raise Money
Best Olathe, Kansas Banks for Small Business
Find an SBA Lender in Kansas