Getting an SBA Loan for Bowling Centers

With these commercial loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $90,000 was given to a Kansas entrepreneur in 2000.

Getting a small business loan in Oakley, Kansas was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Farmers State Bank Of Oakley, operating out of Oakley, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
OAKLEY, KS 67748

SBA Loan Lender

FARMERS STATE BANK OF OAKLEY
100 CENTER
OAKLEY, KS 67748

This lender issued this particular SBA small 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

7933 - Bowling Centers

NAICS Code

713950 - Bowling Centers

Loan Approval Date

9/30/2000

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $72,000.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers State Bank Of Oakley had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers State Bank Of Oakley made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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