SBA Loan from 1st National Bank - Syracuse Helps Livestock Services Company

1st National Bank - Syracuse has a track record as a leading provider of SBA loans. Find out how this Kansas entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Syracuse, Kansas, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was 1st National Bank - Syracuse, based in Syracuse, Kansas.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK SERVICES
SYRACUSE, KS 67878

SBA Loan Lender

1ST NATIONAL BANK - SYRACUSE
11 N MAIN ST
SYRACUSE, KS 67878

This lender issued this debt financing under the SBA 7A lending program , 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

0751 - Livestock Services

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

3/29/2006

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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Small Business Banks in Syracuse, Kansas

SBA Lenders in Kansas