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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Caney, Business Loans > Arvest Bank Caney Business Loans > Eating Places Loan | ||||
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Small Business Banks That Lend to Kansas Business Owners
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Arvest Bank Gives SBA Loan to Eating Places CompanyWant a Kansas SBA loan? This Kansas entrepreneur got an SBA loan, provided by a Kansas bank that works with the SBA to help small business owners. Getting a small business loan in Moline, Kansas was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ARVEST BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/18/2005 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $28,900. 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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Arvest 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: Who Lends Money to Small Businesses in Caney, Kansas
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