Midwest Community Bank Provides SBA Loan to Buy American Family Life Assurance Comp Franchise

Need a loan to buy an American Family Life Assurance Comp franchise? Midwest Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an American Family Life Assurance Comp franchise shouldn't be too tough. In 2007, Midwest Community Bank issued an SBA franchise loan to an entrepreneur in Plainville, Kansas. Because American Family Life Assurance Comp was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

DOWNER HULL AGENCY - AMERICAN
PLAINVILLE, KS 67663

SBA Loan Lender

MIDWEST COMMUNITY BANK
201 S MAIN ST
PLAINVILLE, KS 67663

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6411 - Insurance Agents and Brokers

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

2/22/2007

Loan Approval Gross Amount

$86,800

Loan Approval from the SBA

Of the total $86,800 loan amount, the SBA guaranteed $73,780.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an American Family Life Assurance Comp franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient 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 guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 - Getting Venture Capital

SBA Banks in Plainville, Kansas

Getting an SBA Loan in Kansas