Overland Park, Kansas Lender Lends Money to Supermarkets And Grocery Stores Company

Thinking about meeting with an Overland Park, Kansas bank about a business loan? Here's one Kansas business loan, issued by an Overland Park bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Blue Valley worked out well for our friends at one local company in Overland Park, Kansas. They got an SBA loan for $114,200. Way to go!

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
OVERLAND PARK, KS 66213

SBA Loan Lender

BANK OF BLUE VALLEY
11935 RILEY ST
OVERLAND PARK, KS 66213

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

12/23/2003

Loan Approval Gross Amount

$114,200

Loan Approval from the SBA

Of the total $114,200 loan amount, the SBA guaranteed $97,070.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $114,200 loan. Remember, things become real when you believe you can achieve them!

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:

Obtaining Funding - Friends and Family

SBA Participating Banks in Overland Park, Kansas

SBA Kansas Lenders