Kansas Small Business Loan Issued to Electronic Computers Company
SBA loans in Kansas are hard to find these days. We take a look at one Kansas SBA loan, provided by a Kansas bank, that was approved by the SBA.
Getting a small business loan in Wichita, Kansas was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: ELECTRONIC COMPUTERS
WICHITA, KS 67203
SBA Loan Lender
COMMERCE BANK
1551 N WATERFRONT PKWY
WICHITA, KS 67206
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3571 - Electronic Computers
NAICS Code
334111 - Electronic Computer Manufacturing
Loan Approval Date
12/13/2000
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $450,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. This SBA loan request 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!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $500,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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.
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