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December 19, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Newton, Business Loans > Midland National Bank - Newton Newton Business Loans > Motor Vehicle Seating And Interior Trim Manufacturing Loan | ||||
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Kansas SBA 7A Lenders
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Entrepreneur Works With Newton, Kansas Bank to Get an SBA LoanGet business loans from a Newton, Kansas bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Midland National Bank - Newton is a Newton, Kansas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Kansas company. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SEATING AND INTERIOR TRIM MANUFACTURING SBA Loan Lender MIDLAND NATIONAL BANK - NEWTON This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 336360 - Motor Vehicle Seating and Interior Trim Manufacturing Loan Approval Date 7/10/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Newton, Kansas
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