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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Valley View State Bank Overland Park Business Loans > Beauty Salons Loan | ||||
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How to Get a Commercial Loan from Valley View State Bank
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Overland Park, Kansas Business Gets SBA-Guaranteed Funding from Valley View State BankAn SBA loan from Valley View State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Overland Park, Kansas business owner got a $69,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Valley View State Bank, out of Overland Park, Kansas. The loan was granted and they received $69,000 to help grow their Overland Park, Kansas business. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender VALLEY VIEW STATE BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 7/24/2001 Loan Approval Gross Amount $69,000 Loan Approval from the SBA Of the total $69,000 loan amount, the SBA guaranteed $58,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Valley View State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Overland Park, Kansas
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