Entrepreneur Works With Andover, Kansas Bank to Get an SBA Loan

Get to know Andover, Kansas banks that specialize in business loans and know how to work with entrepreneurs. Equity Bank A is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in South Hutchinson, Kansas starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Equity Bank A. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM REFINERIES
SOUTH HUTCHINSON, KS 67505

SBA Loan Lender

EQUITY BANK A
225 W CENTRAL
ANDOVER, KS 67002

This lender issued this commercial loan under the SBA's 7A loan, 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.

NAICS Code

324110 - Petroleum Refineries

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$1,760,000

Loan Approval from the SBA

Of the total $1,760,000 loan amount, the SBA guaranteed $1,290,000.

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 17 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 14 existing jobs.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours 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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Andover, Kansas

Kansas SBA Bank Lenders