Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Overland Park, Kansas Bank Loan

 

 
Loan Census SBA Loan Info

Overland Park, KS Entrepreneur Gets SBA Loan to Buy Stained Glass Overlay Franchise

Need money to invest in a Stained Glass Overlay franchise? Frontier Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Stained Glass Overlay franchise is doable. In 2002, Frontier Bank issued an SBA franchise loan to an entrepreneur in Overland Park, Kansas. Because Stained Glass Overlay was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

STAINED GLASS OVERLAY
OVERLAND PARK, KS 66221

SBA Loan Lender

FRONTIER BANK
901 W WASHINGTON
SEQUIM, WA 98382

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

327215 - Glass Product Manufacturing Made of Purchased Glass

Loan Approval Date

1/9/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Stained Glass Overlay franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the funding 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Frontier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Frontier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Stained Glass Overlay

Realistic Debt Financing Options

Find an SBA Lender in Sequim, Washington

Getting an SBA Loan in Washington