Morrill & Janes Bank & Trust SBA Loan to Animal Specialty Services Company

An SBA loan from Morrill & Janes Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Olthe, Kansas business owner got a $750,000 loan.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Morrill & Janes Bank & Trust, out of Merriam, Kansas. The loan was granted and they received $750,000 to help grow their Olthe, Kansas business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTY SERVICES
OLTHE, KS 66062

SBA Loan Lender

MORRILL & JANES BANK & TRUST
6740 ANTIOCH RD
MERRIAM, KS 66204

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans 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

0752 - Animal Specialty Services

NAICS Code

812910 - Pet Care Services

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 21 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Olthe or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Understanding Dilution

Good Banks for Small Business in Merriam, Kansas

Kansas SBA 7A Lenders