Entrepreneur Works With Merriam, Kansas Bank to Get an SBA Loan

Want to talk with a Merriam, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by a Merriam bank, that was approved by the SBA.

Applying for an SBA loan with Morrill & Janes Bank & Trust worked out well for our friends at one local firm in Lenexa, Kansas. They received an SBA loan for $250,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: ALKALIES AND CHLORINE
LENEXA, KS 66219

SBA Loan Lender

MORRILL & JANES BANK & TRUST
6740 ANTIOCH RD
MERRIAM, KS 66204

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2812 - Alkalies and Chlorine

NAICS Code

325181 - Alkalies and Chlorine Manufacturing

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 89 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $250,000 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:

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Merriam, Kansas

Kansas SBA 7A Lenders