Overland Park, Kansas Bank Gives SBA Loan to Photographic Studios, Portrait Company
Find Overland Park, Kansas banks that specialize in business loans and know how to work with entrepreneurs. National Bank Of Kansas City is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Shawnee, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from National Bank Of Kansas City. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: PHOTOGRAPHIC STUDIOS, PORTRAIT
SHAWNEE, KS 66226
SBA Loan Lender
NATIONAL BANK OF KANSAS CITY
10700 NALL AVE
OVERLAND PARK, KS 66211
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business 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
7221 - Photographic Studios, Portrait
NAICS Code
541921 - Photography Studios, Portrait
Loan Approval Date
6/18/2004
Loan Approval Gross Amount
$67,750
Loan Approval from the SBA
Of the total $67,750 loan amount, the SBA guaranteed $57,588.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Don't apply for a loan directly with the SBA. You need to 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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National Bank Of Kansas City had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National Bank Of Kansas City 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:
Banking Deregulation's Effects on Entrepreneurship
SBA 7A Banks for Overland Park, Kansas Loans
SBA Participating Banks in Kansas