The Peoples Bank Gives Small Business Loan to Tire Dealers Company

Small business loans in Kansas are hard to find these days. We take a look at one Kansas small business loan, provided by a Kansas bank, that was approved by the SBA.

Getting a small business loan in Kiowa, Kansas was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Peoples Bank. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
KIOWA, KS 67070

SBA Loan Lender

THE PEOPLES BANK
222 S MAIN ST
PRATT, KS 67124

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

441320 - Tire Dealers

Loan Approval Date

11/14/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Kiowa or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Pratt, Kansas

Find an SBA Lender in Kansas