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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Colwich, Business Loans > Legacy Bank Colwich Business Loans > Service Establishment Equipment And Supplies Loan | ||||
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Banks That Lend to Kansas Small Businesses
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Wichita, Kansas Entrepreneur Gets a Bank LoanLooking to get a Kansas SBA loan? This Kansas entrepreneur got an SBA loan, provided by a Kansas bank that works with the SBA to help small business owners. This company, based in Wichita, Kansas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Legacy Bank. We've got the inside scoop on this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES SBA Loan Lender LEGACY BANK 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 to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5087 - Service Establishment Equipment and Supplies NAICS Code 421850 - Service Establishment Equipment and Supplies Wholesalers Loan Approval Date 3/22/2002 Loan Approval Gross Amount $382,100 Loan Approval from the SBA Of the total $382,100 loan amount, the SBA guaranteed $286,575. More Information on This SBA Loan The borrower borrowed this money for an existing 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 30 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Legacy Bank 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: Microlending as a Small Business Funding Source SBA Approved Banks in Colwich, Kansas
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