Raising Money for Sales Financing

With these bank loans for sales financing, the SBA guarantees the lender that the loan will be repaid. This sales financing loan for $100,000 was given to a Kansas entrepreneur in 2005.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Exchange National Bank, out of Cottonwood Falls, Kansas. The loan was granted and they received $100,000 to help grow their Strong City (corporate Name St, Kansas business.

SBA Loan Borrower

COMPANY TYPE: SALES FINANCING
STRONG CITY (CORPORATE NAME ST, KS 66869

SBA Loan Lender

EXCHANGE NATIONAL BANK
235 BROADWAY
COTTONWOOD FALLS, KS 66845

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

522220 - Sales Financing

Loan Approval Date

8/29/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Exchange National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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