Commercial Loans for Personal Care Services

With these commercial loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $110,000 was given to a Missouri entrepreneur in 2007.

This business received financial assistance through the SBA's lending programs back in 2007. 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 $110,000 to help grow their Lees Summit, Missouri business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
LEES SUMMIT, MO 64086

SBA Loan Lender

SUMMIT BANK OF KANSAS CITY
1650 NE GRAND, STE 100
LEE'S SUMMIT, MO 64086

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

9/27/2007

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 no employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Lees Summit MO, you ought to talk with a local Lees Summit SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lees Summit businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Summit Bank Of Kansas City and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Role of Business Plan When Raising Money

Small Bank Loans in Lee's Summit, Missouri

SBA Participating Banks in Missouri