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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Liberal, Business Loans > 1st National Bank - Liberal Liberal Business Loans > Offices And Clinics Of Optometrists Loan | ||||
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Liberal, Kansas Bank Loan
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Business Loans for OptometristsWith these business loans for optometrists, the SBA guarantees the lender that the loan will be repaid. This optometrists loan for $652,500 was given to a Kansas entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Liberal, Kansas was able to borrow $652,500 from 1st National Bank - Liberal. The SBA made the loan possible by guaranteeing $489,375 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS SBA Loan Lender 1ST NATIONAL BANK - LIBERAL This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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 8042 - Offices and Clinics of Optometrists NAICS Code 621320 - Optometrists Loan Approval Date 6/28/2005 Loan Approval Gross Amount $652,500 Loan Approval from the SBA Of the total $652,500 loan amount, the SBA guaranteed $489,375. More Information on This SBA Loan The borrower borrowed this money for an existing 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 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Realistic Debt Financing Options Best Banks for Small Business in Liberal, Kansas
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