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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Lee's Summit, Business Loans > Summit Bank Of Kansas City Lee's Summit Business Loans > Custom Computer Programming Services Loan | ||||
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SBA Lender Lees Summit Missouri
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Custom Computer Programming Services SBA LoansWith these SBA loans for custom computer programming services, the SBA guarantees the lender that the loan will be repaid. This custom computer programming services loan for $40,000 was given to a Missouri entrepreneur in 2006. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Summit Bank Of Kansas City, out of Lee's Summit, Missouri. The loan was granted and they received $40,000 to help grow their Lees Summit, Missouri business. SBA Loan Borrower COMPANY TYPE: CUSTOM COMPUTER PROGRAMMING SERVICES SBA Loan Lender SUMMIT BANK OF KANSAS CITY This lender processed this 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 541511 - Custom Computer Programming Services Loan Approval Date 8/29/2006 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: SBA Participating Banks in Lee's Summit, Missouri
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