Bank Loans for Collection Agencies
With these bank loans for collection agencies, the SBA guarantees the lender that the loan will be repaid. This collection agencies loan for $60,000 was given to a Kansas entrepreneur in 2002.
This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Security Bank Of Kansas City, out of Kansas City, Kansas. The loan was granted and they received $60,000 to help grow their Olathe, Kansas business.
SBA Loan Borrower
COMPANY TYPE: ADJUSTMENT AND COLLECTION SERVICES
OLATHE, KS 66061
SBA Loan Lender
SECURITY BANK OF KANSAS CITY
1300 N 78TH ST
KANSAS CITY, KS 66112
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7322 - Adjustment and Collection Services
NAICS Code
561440 - Collection Agencies
Loan Approval Date
1/24/2002
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Strategic Investors
Banks in Kansas City, Kansas
Kansas SBA 7A Banks