Loan Census Banking News and Information
November 24, 2024  
 
 
  Business Loan Information  
 

Raising Money in Lyndon, Kansas With SBA Loans

 

 
Loan Census SBA Loan Info

Veterinary Services Loans

Looking for loans for veterinary services? The SBA may be the answer. This $75,000 veterinary services loan was issued by a Kansas bank.

Getting a small business loan in Lyndon, Kansas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from The Citizens State Bank, operating out of Lyndon, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
LYNDON, KS 66451

SBA Loan Lender

THE CITIZENS STATE BANK
430 TOPEKA AVE
LYNDON, KS 66451

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

2/26/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Citizens State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Raising VC Money for Social Networking Companies

SBA Participating Banks in Lyndon, Kansas

Kansas SBA Banks