SBA Loan from U.S. Bank National Association Helps Medical Laboratories Company

An SBA loan from U.S. Bank National Association 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 $1,734,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with U.S. Bank National Association, out of Cincinnati, Ohio. The loan was granted and they received $1,734,000 to help grow their Overland Park, Kansas business.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
OVERLAND PARK, KS 66211

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621511 - Medical Laboratories

Loan Approval Date

10/12/2001

Loan Approval Gross Amount

$1,734,000

Loan Approval from the SBA

Of the total $1,734,000 loan amount, the SBA guaranteed $980,212.

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 51 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 48 existing jobs.

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Many small businesses receive loans backed by the U.S. Small Business Administration.

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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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Business Credit Evaluation

Banks in Cincinnati, Ohio

SBA Lenders in Ohio