Small Business Loans for Medical Laboratories
With these small business loans for medical laboratories, the SBA guarantees the lender that the loan will be repaid. This medical laboratories loan for $75,000 was given to a Kansas entrepreneur in 2005.
Getting a small business loan in Overland Park, Kansas was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Missouri Bank & Trust Co., operating out of Kansas City, Missouri. Here are the details on this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: MEDICAL LABORATORIES
OVERLAND PARK, KS 66210
SBA Loan Lender
MISSOURI BANK & TRUST CO.
1044 MAIN ST
KANSAS CITY, MO 64105
This lender processed this SBA 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
621511 - Medical Laboratories
Loan Approval Date
11/8/2005
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 2 employees. The loan application indicated that the funding would help generate 2 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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 $75,000 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.
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