Kansas Bank Loan Issued to Poultry And Eggs Company

SBA loans in Kansas are tough to come by these days. We take a look at one Kansas SBA loan, provided by an Oklahoma bank, that was approved by the SBA.

Getting a small business loan in Tribune, Kansas was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Home National Bank. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: POULTRY AND EGGS
TRIBUNE, KS 67879

SBA Loan Lender

HOME NATIONAL BANK
1350 W DOOLIN
BLACKWELL, OK 74631

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0259 - Poultry and Eggs

NAICS Code

112390 - Poultry Production

Loan Approval Date

8/1/2002

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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