Growing Company Gets a Kansas Business Loan

Bank loans in Kansas are are few and far betweeen these days. We take a look at one Kansas bank loan, provided by a Kansas bank, that was approved by the SBA.

You can learn something about getting a small business loan in Lincoln, Kansas by studying this loan to a local company, made back in 2004. Banks like Thunder Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: CASH GRAINS, N.E.C
LINCOLN, KS 67455

SBA Loan Lender

THUNDER BANK
102 N MAIN ST
SYLVAN GROVE, KS 67481

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

0119 - Cash Grains, N.E.C

NAICS Code

111191 - Oilseed and Grain Combination

Loan Approval Date

5/21/2004

Loan Approval Gross Amount

$588,100

Loan Approval from the SBA

Of the total $588,100 loan amount, the SBA guaranteed $441,075.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Thunder Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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