SBA Loan from Home Bank & Trust Company Helps Convenience Stores Company

An SBA loan from Home Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wichita, Kansas business owner got a $100,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Home Bank & Trust Company, out of Wichita, Kansas. The loan was granted and they received $100,000 to help grow their Wichita, Kansas business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
WICHITA, KS 67235

SBA Loan Lender

HOME BANK & TRUST COMPANY
10421 W CENTRAL
WICHITA, KS 67212

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

445120 - Convenience Stores

Loan Approval Date

9/15/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Home Bank & Trust Company 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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SBA Participating Banks in Wichita, Kansas

Kansas SBA Bank Lenders