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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Gridley, Business Loans > The Citizens State Bank Gridley Business Loans > General Warehousing And Storage Loan | ||||
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Small Business Banks That Lend to Kansas Small Businesses
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Growing Company Gets a Kansas SBA LoanWould a Kansas bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Kansas bank, which offers SBA loans to Kansas entrepreneurs. By giving the right information to The Citizens State Bank, this Waverly, Kansas business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE SBA Loan Lender THE CITIZENS STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 493110 - General Warehousing and Storage Loan Approval Date 12/20/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need business start up money in Waverly KS, you ought to talk with a local Waverly SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waverly businesses. 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. Related Links:
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