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December 22, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Wichita, Business Loans > Southwest National Bank Wichita Business Loans > Commercial Physical And Biological Research Loan | ||||
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Kansas Bank SBA Loans
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Southwest National Bank SBA Loan to Commercial Physical And Biological Research CompanyWant a Kansas SBA loan? Here's one Kansas business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Wichita, Kansas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Southwest National Bank, based in Wichita, Kansas. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PHYSICAL AND BIOLOGICAL RESEARCH SBA Loan Lender SOUTHWEST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8731 - Commercial Physical and Biological Research NAICS Code Loan Approval Date 3/24/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Southwest National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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