Financing for Video Tape and Disc Rental

Looking for commercial loans for video tape and disc rental? An SBA loan may be just what you've been looking for. This $90,000 video tape and disc rental loan was issued by a Kansas bank.

This business knew how to go about getting a business bank loan. Based in Plathe, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was State Bank Of Spring Hill, based in Spring Hill, Kansas.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE AND DISC RENTAL
PLATHE, KS 66062

SBA Loan Lender

STATE BANK OF SPRING HILL
201 S WEBSTER
SPRING HILL, KS 66083

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

532230 - Video Tape and Disc Rental

Loan Approval Date

5/24/2001

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Plathe KS, you ought to talk with a local Plathe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Plathe businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank Of Spring Hill and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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