SBA Loan from Community Bank Of Wichita, Inc Helps Fabricated Structural Metal Company

An SBA loan from Community Bank Of Wichita, Inc typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wichita, Kansas business owner got a $150,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Community Bank Of Wichita, Inc, out of Wichita, Kansas. The loan was granted and they received $150,000 to help grow their Wichita, Kansas business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED STRUCTURAL METAL
WICHITA, KS 67213

SBA Loan Lender

COMMUNITY BANK OF WICHITA, INC
11330 E 21ST
WICHITA, KS 67206

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3441 - Fabricated Structural Metal

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

2/5/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 8 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Wichita KS, you ought to talk with a local Wichita SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wichita businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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:

Direct Public Offerings

SBA Participating Banks in Wichita, Kansas

Kansas SBA 7A Lenders