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November 23, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hoxie, Business Loans > State Bank Hoxie Business Loans > Farm Supplies Loan | ||||
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Business Loans for Quinter Entrepreneurs
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Where to Get Capital for Farm Supplies Merchant WholesalersWith these SBA loans for farm supplies merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This farm supplies merchant wholesalers loan for $460,000 was given to a Kansas entrepreneur in 2003. Getting a small business loan in Quinter, Kansas was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from State Bank, operating out of Hoxie, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES SBA Loan Lender STATE BANK This small business 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 5191 - Farm Supplies NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 3/18/2003 Loan Approval Gross Amount $460,000 Loan Approval from the SBA Of the total $460,000 loan amount, the SBA guaranteed $345,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Hoxie, Kansas
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