Moundridge, Kansas Bank Lends Money to Insurance Agents And Brokers Company in Wichita, Kansas
Thinking about meeting with a Moundridge, Kansas bank about a business loan? Here's one Kansas business loan, issued by a Moundridge bank, that was approved by the SBA.
Applying for an SBA loan with The Citizens State Bank worked out well for our friends at one local firm in Wichita, Kansas. They received an SBA loan for $900,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENTS AND BROKERS
WICHITA, KS 67206
SBA Loan Lender
THE CITIZENS STATE BANK
201 S CHRISTIAN
MOUNDRIDGE, KS 67107
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6411 - Insurance Agents and Brokers
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
12/4/2003
Loan Approval Gross Amount
$900,000
Loan Approval from the SBA
Of the total $900,000 loan amount, the SBA guaranteed $675,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Microlending as a Small Business Funding Source
SBA Banks in Moundridge, Kansas
Kansas SBA 7A Banks