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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Liberal, Business Loans > 1st National Bank - Liberal Liberal Business Loans > Crop Planting, Cultivating, And Protecting Loan | ||||
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Business Loans for Sublette Businesses
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Financing for Soil Preparation, Planting, and CultivatingWith these loans for soil preparation, planting, and cultivating, the SBA guarantees the lender that the loan will be repaid. This soil preparation, planting, and cultivating loan for $1,025,000 was given to a Kansas entrepreneur in 2005. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with 1st National Bank - Liberal, out of Liberal, Kansas. The loan was granted and they received $1,025,000 to help grow their Sublette, Kansas business. SBA Loan Borrower COMPANY TYPE: CROP PLANTING, CULTIVATING, AND PROTECTING SBA Loan Lender 1ST NATIONAL BANK - LIBERAL This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. SIC Code 0721 - Crop Planting, Cultivating, and Protecting NAICS Code 115112 - Soil Preparation, Planting, and Cultivating Loan Approval Date 6/23/2005 Loan Approval Gross Amount $1,025,000 Loan Approval from the SBA Of the total $1,025,000 loan amount, the SBA guaranteed $768,750. 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 10 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. 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: Find an SBA Lender in Liberal, Kansas
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