Mission, Kansas Business Gets SBA-Guaranteed Funding from The Mission Bank

An SBA loan from The Mission Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mission, Kansas business owner got a $130,000 loan.

Getting a small business loan in Mission, Kansas was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from The Mission Bank, operating out of Mission, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
MISSION, KS 66205

SBA Loan Lender

THE MISSION BANK
5201 JOHNSON DR
MISSION, KS 66205

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

Loan Approval Date

2/16/2000

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $97,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Line of Credit

Where to Get an SBA Loan in Mission, Kansas

Getting an SBA Loan in Kansas