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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Cherryvale, Business Loans > Community National Bank Cherryvale Business Loans > Crude Petroleum And Natural Gas Loan | ||||
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Raising Money in Neodesha, Kansas With SBA Loans
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Loans for Crude Petroleum and Natural GasLooking for loans for crude petroleum and natural gas? An SBA loan may be just what you've been looking for. This $295,100 crude petroleum and natural gas loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Neodesha, Kansas was able to borrow $295,100 from Community National Bank. The SBA made the loan possible by guaranteeing $221,325 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS SBA Loan Lender COMMUNITY NATIONAL BANK 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. SIC Code 1311 - Crude Petroleum and Natural Gas NAICS Code 211111 - Crude Petroleum and Natural Gas Loan Approval Date 7/21/2006 Loan Approval Gross Amount $295,100 Loan Approval from the SBA Of the total $295,100 loan amount, the SBA guaranteed $221,325. 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 2 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Realistic Debt Financing Options Best Banks for Small Business in Cherryvale, Kansas
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