Kansas City, Kansas Bank Gives SBA Loan to Eating Places Company
A Kansas City, Kansas business loan can be yours. Learn how a business got a $450,000 business loan from this Kansas bank.
This loan to a local firm is a good example of an SBA loan. Security Bank Of Kansas City made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
OLATHE, KS 66103
SBA Loan Lender
SECURITY BANK OF KANSAS CITY
1000 MINNESOTA AVE
KANSAS CITY, KS 66101
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
10/5/2004
Loan Approval Gross Amount
$450,000
Loan Approval from the SBA
Of the total $450,000 loan amount, the SBA guaranteed $337,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 55 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need business start up money in Olathe KS, you ought to talk with a local Olathe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Olathe businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Security Bank Of Kansas City and they will explain how you can get an SBA loan for your company.
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
Find an SBA Lender in Kansas City, Kansas
Kansas SBA 7A Banks