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November 24, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Valley View State Bank Overland Park Business Loans > Eating Places Loan | ||||
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Requirements for Small Business Owners On Getting a Loan
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Get an SBA Loan for Limited-Service RestaurantsLooking for bank loans for limited-service restaurants? Try the SBA. This $120,000 limited-service restaurants loan was issued by a Kansas bank. Getting a small business loan in Shawnee, Kansas was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Valley View State Bank, operating out of Overland Park, Kansas. Here are the details on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender VALLEY VIEW STATE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/24/2006 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 12 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks in Overland Park, Kansas
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