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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mcpherson, Business Loans > Farmers State Bank Mcpherson Business Loans > Water Supply And Irrigation Systems Loan | ||||
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Banks in Mcpherson, Kansas That Make SBA Loans
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Mcpherson, Kansas Bank Gives SBA Loan to Water Supply And Irrigation Systems CompanyThinking about meeting with a Mcpherson, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by a Mcpherson bank, that was approved by the SBA. Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local business in Mcpherson, Kansas. They received an SBA loan for $28,000. Way to go! SBA Loan Borrower COMPANY TYPE: WATER SUPPLY AND IRRIGATION SYSTEMS SBA Loan Lender FARMERS STATE BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 221310 - Water Supply and Irrigation Systems Loan Approval Date 9/22/2003 Loan Approval Gross Amount $28,000 Loan Approval from the SBA Of the total $28,000 loan amount, the SBA guaranteed $23,800. 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 2 employees. The SBA loan documents did not indicate that the business 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Farmers State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Lenders in Mcpherson, Kansas
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