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November 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Wellington, Business Loans > First National Bank In Wellington Wellington Business Loans > Limited-Service Restaurants Loan | ||||
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Banks in Wellington, Kansas That Make SBA Loans
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Wellington, Kansas Lender Lends Money to Limited-Service Restaurants CompanyWant to talk with a Wellington, Kansas bank about an SBA loan? Here's one Kansas business loan, issued by a Wellington bank, that was approved by the SBA. Applying for an SBA loan with First National Bank In Wellington worked out well for our friends at one local company in Wellington, Kansas. They got an SBA loan for $33,400. Sweet! SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST NATIONAL BANK IN WELLINGTON This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/22/2005 Loan Approval Gross Amount $33,400 Loan Approval from the SBA Of the total $33,400 loan amount, the SBA guaranteed $28,390. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. This SBA loan was for $33,400. How would you spend $33,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Participating Banks in Wellington, Kansas
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