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December 19, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Olathe, Business Loans > 1st National Bank - Ola Olathe Business Loans > Poured Concrete Foundation And Structure Contractors Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Getting an SBA Loan for Poured Concrete Foundation and Structure ContractorsLooking for SBA loans for poured concrete foundation and structure contractors? The SBA may be the answer. This $34,000 poured concrete foundation and structure contractors loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Olathe, Kansas was able to borrow $34,000 from 1st National Bank - Ola. The SBA made the loan possible by guaranteeing $17,000 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS SBA Loan Lender 1ST NATIONAL BANK - OLA 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 238110 - Poured Concrete Foundation and Structure Contractors Loan Approval Date 1/13/2006 Loan Approval Gross Amount $34,000 Loan Approval from the SBA Of the total $34,000 loan amount, the SBA guaranteed $17,000. 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 loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding From a Venture Capitalist Best Banks for Small Business in Olathe, Kansas SBA Participating Banks in Kansas
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