SBA Loans for Siding Contractors

Looking for SBA loans for siding contractors? The SBA may be the answer. This $150,000 siding contractors loan was issued by a Kansas bank.

This small business knew how to go about getting a business bank loan. Based in Overland Park, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank Of Blue Valley, based in Olathe, Kansas.

SBA Loan Borrower

COMPANY TYPE: SIDING CONTRACTORS
OVERLAND PARK, KS 66212

SBA Loan Lender

BANK OF BLUE VALLEY
1235 SANTA FE
OLATHE, KS 66061

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238170 - Siding Contractors

Loan Approval Date

12/11/2003

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 3 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Blue Valley had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Blue Valley 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.

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