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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Fairway, Business Loans > Security Bank Of Kansas City Fairway Business Loans > Marketing Research And Public Opinion Polling Loan | ||||
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How to Get an SBA 7A Loan in Mission, Kansas
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Mission, Kansas Entrepreneur Gets an SBA LoanSBA loans in Kansas are are few and far betweeen these days. We take a look at one Kansas SBA loan, provided by a Kansas bank, that was approved by the SBA. By giving the right information to Security Bank Of Kansas City, this Mission, Kansas business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: MARKETING RESEARCH AND PUBLIC OPINION POLLING SBA Loan Lender SECURITY BANK OF KANSAS CITY 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 541910 - Marketing Research and Public Opinion Polling Loan Approval Date 8/15/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 50 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: SBA 7A Lenders in Fairway, Kansas
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