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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Salina, Business Loans > First Bank Kansas Salina Business Loans > Specialty Trade Contractors Loan | ||||
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Kansas SBA 7A Lenders
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Salina, Kansas Lender Lends Money to Specialty Trade Contractors CompanyThinking about meeting with a Salina, Kansas bank about a business loan? Here's one Kansas business loan, issued by a Salina bank, that was approved by the SBA. Applying for an SBA loan with First Bank Kansas worked out well for our friends at one local company in Salina, Kansas. They received an SBA loan for $56,000. Sweet! SBA Loan Borrower COMPANY TYPE: SPECIALTY TRADE CONTRACTORS SBA Loan Lender FIRST BANK KANSAS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238990 - Specialty Trade Contractors Loan Approval Date 8/31/2005 Loan Approval Gross Amount $56,000 Loan Approval from the SBA Of the total $56,000 loan amount, the SBA guaranteed $47,600. 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 only one employee. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank Kansas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Salina, Kansas Banks for Small Business
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