Commerce Bank Gives Bank Loan to Electronic Shopping Company

SBA loans in Kansas are are few and far betweeen these days. We take a look at one Kansas SBA loan, provided by a Missouri bank, that was approved by the SBA.

Getting a small business loan in Overland Park, Kansas was a top priority for this particular business back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC SHOPPING
OVERLAND PARK, KS 66085

SBA Loan Lender

COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454111 - Electronic Shopping

Loan Approval Date

1/30/2008

Loan Approval Gross Amount

$256,800

Loan Approval from the SBA

Of the total $256,800 loan amount, the SBA guaranteed $192,600.

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 no employees. The loan application indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $256,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 - Friends and Family

Where to Get an SBA Loan in Kansas City, Missouri

Getting an SBA Loan in Missouri