Getting an SBA Loan for Rice Milling

With these commercial loans for rice milling, the SBA guarantees the lender that the loan will be repaid. This rice milling loan for $50,000 was given to a Kansas entrepreneur in 2002.

Getting a small business loan in Marienthall, Kansas was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Bank, operating out of Oakley, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: RICE MILLING
MARIENTHALL, KS 67863

SBA Loan Lender

THE BANK
225 CENTER
OAKLEY, KS 67748

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311212 - Rice Milling

Loan Approval Date

12/4/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $45,000.

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 30 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Obtaining Funding - Getting Venture Capital

Banks in Oakley, Kansas

Kansas SBA Bank Lenders