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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Sylvan Grove, Business Loans > Thunder Bank Sylvan Grove Business Loans > Beef Cattle Loan | ||||
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Advice for Business Owners On Getting a Loan
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Getting an SBA Loan for Beef Cattle Ranching and FarmingLooking for commercial loans for beef cattle ranching and farming? An SBA loan may be just what you've been looking for. This $465,200 beef cattle ranching and farming loan was issued by a Kansas bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Thunder Bank, out of Sylvan Grove, Kansas. The loan was granted and they received $465,200 to help grow their Lincoln, Kansas business. SBA Loan Borrower COMPANY TYPE: BEEF CATTLE SBA Loan Lender THUNDER BANK This commercial loan 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. SIC Code 0212 - Beef Cattle NAICS Code 112111 - Beef Cattle Ranching and Farming Loan Approval Date 6/1/2004 Loan Approval Gross Amount $465,200 Loan Approval from the SBA Of the total $465,200 loan amount, the SBA guaranteed $348,900. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Sylvan Grove, Kansas
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