Company Gets a Kansas Bank Loan

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

This company, based in Wakefield, Kansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Kansas State Bank Of Manhattan. We've got the inside scoop on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: FRAMING CONTRACTORS
WAKEFIELD, KS 67487

SBA Loan Lender

KANSAS STATE BANK OF MANHATTAN
1010 WESTLOOP
MANHATTAN, KS 66505

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238130 - Framing Contractors

Loan Approval Date

4/26/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kansas State Bank Of Manhattan had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kansas State Bank Of Manhattan made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

Best Banks in Manhattan, Kansas

Getting an SBA Loan in Kansas