Satanta, Kansas Business Gets SBA-Guaranteed Funding from Centera Bank

An SBA loan from Centera Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Satanta, Kansas business owner got a $15,600 loan.

This growing company knew how to go about getting a business bank loan. Based in Satanta, Kansas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Centera Bank, based in Sublette, Kansas.

SBA Loan Borrower

COMPANY TYPE: HUNTING AND TRAPPING
SATANTA, KS 67870

SBA Loan Lender

CENTERA BANK
119 S INMAN
SUBLETTE, KS 67877

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

114210 - Hunting and Trapping

Loan Approval Date

8/30/2002

Loan Approval Gross Amount

$15,600

Loan Approval from the SBA

Of the total $15,600 loan amount, the SBA guaranteed $13,260.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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Find an SBA Lender in Sublette, Kansas

Kansas SBA 7A Banks