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November 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Anthony, Business Loans > 1st National Bank - Anthony Anthony Business Loans > Home Furnishings Stores Loan | ||||
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SBA Lender Anthony
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Anthony, Kansas Lender Lends Money to Home Furnishings Stores CompanyThinking about meeting with an Anthony, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by an Anthony bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Anthony worked out well for our friends at one local firm in Overland Park, Kansas. They received an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender 1ST NATIONAL BANK - ANTHONY This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442299 - Home Furnishings Stores Loan Approval Date 3/21/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Participating Banks in Anthony, Kansas
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