Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Liberal Bank Loan

 

 
Loan Census SBA Loan Info

Liberal, Kansas Bank Lends Money to Household Appliance Stores Company in Liberal, Kansas

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

Applying for an SBA loan with The Community Bank worked out well for our friends at one local firm in Liberal, Kansas. They got an SBA loan for $122,100. Awesome!

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD APPLIANCE STORES
LIBERAL, KS 67901

SBA Loan Lender

THE COMMUNITY BANK
2320 N KANSAS
LIBERAL, KS 67901

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

2/16/2007

Loan Approval Gross Amount

$122,100

Loan Approval from the SBA

Of the total $122,100 loan amount, the SBA guaranteed $103,785.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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 $122,100 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:

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in Liberal, Kansas

Kansas SBA 7A Lenders