SBA Loans for Scheduled Passenger Air Transportation

With these SBA loans for scheduled passenger air transportation, the SBA guarantees the lender that the loan will be repaid. This scheduled passenger air transportation loan for $150,000 was given to a Kansas entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Renton, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Community National Bank, based in El Dorado, Kansas.

SBA Loan Borrower

COMPANY TYPE: SCHEDULED PASSENGER AIR TRANSPORTATION
RENTON, KS 67017

SBA Loan Lender

COMMUNITY NATIONAL BANK
301 N MAIN
EL DORADO, KS 67042

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

481111 - Scheduled Passenger Air Transportation

Loan Approval Date

8/20/2003

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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Renton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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