Wichita, Kansas Business Gets SBA-Guaranteed Funding from Peabody State Bank

Peabody State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kansas entrepreneur who tapped into the power of SBA loans.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Peabody State Bank, out of Peabody, Kansas. The loan was granted and they received $251,200 to help grow their Wichita, Kansas business.

SBA Loan Borrower

COMPANY TYPE: OSTEOPATHIC PHYSICIAN DOCTOR OFFICES AND CLINICS
WICHITA, KS 67205

SBA Loan Lender

PEABODY STATE BANK
201 N WALNUT
PEABODY, KS 66866

This commercial 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

8031 - Osteopathic Physician Doctor Offices and Clinics

Loan Approval Date

8/25/2000

Loan Approval Gross Amount

$251,200

Loan Approval from the SBA

Of the total $251,200 loan amount, the SBA guaranteed $188,400.

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 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $251,200 loan. Remember, feel the fear, and do it anyway.

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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