Lenexa, Kansas Business Gets SBA-Guaranteed Funding from Morrill & Janes Bank & Trust

An SBA loan from Morrill & Janes Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lenexa, Kansas business owner got a $200,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lenexa, Kansas was able to borrow $200,000 from Morrill & Janes Bank & Trust. The SBA made the loan possible by guaranteeing $180,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS
LENEXA, KS 66219

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5169 - Chemical and Allied Products

NAICS Code

422690 - Chemical and Allied Products Wholesalers

Loan Approval Date

3/21/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $180,000.

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 60 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Morrill & Janes Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Where to Get an SBA Loan in Merriam, Kansas

SBA Lenders in Kansas