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November 14, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Newton, Business Loans > Midland National Bank - Newton Newton Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Kansas Small Business SBA Loans
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Firm Gets a Kansas Small Business LoanKansasSmall business loans are available to Kansas small business owners through the SBA. In this case, a Kansas bank provides the loan. You can learn something about getting a small business loan in Wichita, Kansas by studying this loan to a local company, made back in 2002. Banks like Midland National Bank - Newton may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender MIDLAND NATIONAL BANK - NEWTON This lender issued this particular SBA small business 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 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 2/20/2002 Loan Approval Gross Amount $141,500 Loan Approval from the SBA Of the total $141,500 loan amount, the SBA guaranteed $120,275. More Information on This SBA Loan The borrower borrowed this money for an existing 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 7 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Midland National Bank - Newton that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Raising VC Money for Social Networking Companies
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