Bank Loans for Electrical and Electronic Appliance, Television, and Radio Sets

With these bank loans for electrical and electronic appliance, television, and radio sets, the SBA guarantees the lender that the loan will be repaid. This electrical and electronic appliance, television, and radio sets loan for $445,500 was given to a Kansas entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Sedgwick, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Alliant Bank, based in Sedgwick, Kansas.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL APPLIANCES, TELEVISION AND RADIO SETS
SEDGWICK, KS 67135

SBA Loan Lender

ALLIANT BANK
514 N COMMERCIAL
SEDGWICK, KS 67135

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5064 - Electrical Appliances, Television and Radio Sets

NAICS Code

423620 - Electrical and Electronic Appliance, Television, and Radio Sets

Loan Approval Date

5/26/2005

Loan Approval Gross Amount

$445,500

Loan Approval from the SBA

Of the total $445,500 loan amount, the SBA guaranteed $334,125.

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 6 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Alliant Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Alliant 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:

The Art of Bootstrapping

Small Bank Loans in Sedgwick, Kansas

Kansas SBA 7A Lenders