Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Kansas SBA Lenders

 

 
Loan Census SBA Loan Info

Overland Park, Kansas Lender Lends Money to Gasoline Service Stations Company

An Overland Park, Kansas SBA loan can be yours. Learn how a company got a $50,000 business loan from this Kansas bank.

This loan to a local firm is a good example of an SBA loan. Metcalf Bank made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
SPRING HILL, KS 66083

SBA Loan Lender

METCALF BANK
7840 METCALF ST
OVERLAND PARK, KS 66204

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

1/4/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Spring Hill KS, you ought to talk with a local Spring Hill SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Spring Hill businesses.

We can help you find the best banks for small businesses in Spring Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

How to Raise Money

Banks in Overland Park, Kansas

Kansas SBA Banks