Metcalf Bank SBA Loan to Medical Laboratories Company

Metcalf Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kansas entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Lenexa, Kansas was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Metcalf Bank, operating out of Overland Park, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
LENEXA, KS 66215

SBA Loan Lender

METCALF BANK
7840 METCALF ST
OVERLAND PARK, KS 66204

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8071 - Medical Laboratories

NAICS Code

621511 - Medical Laboratories

Loan Approval Date

9/16/2004

Loan Approval Gross Amount

$160,500

Loan Approval from the SBA

Of the total $160,500 loan amount, the SBA guaranteed $120,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Business Incubators

Small Bank Loans in Overland Park, Kansas

Find an SBA Lender in Kansas