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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Junction City, Business Loans > Central National Bank Junction City Business Loans > Home Furnishings Stores Loan | ||||
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I Need an SBA Loan in Lawrence, Kansas
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Home Furnishings Stores Bank LoansWith these bank loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $70,000 was given to a Kansas entrepreneur in 2007. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Central National Bank, out of Junction City, Kansas. The loan was granted and they received $70,000 to help grow their Lawrence, Kansas business. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender CENTRAL NATIONAL BANK 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 442299 - Home Furnishings Stores Loan Approval Date 6/5/2007 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding From a Venture Capitalist Best Junction City, Kansas Banks for Small Business
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