Loans for Coffee and Tea Manufacturing

With these loans for coffee and tea manufacturing, the SBA guarantees the lender that the loan will be repaid. This coffee and tea manufacturing loan for $135,000 was given to a Kansas entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clyde, Kansas was able to borrow $135,000 from Elk State Bank. The SBA made the loan possible by guaranteeing $114,750 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: COFFEE AND TEA MANUFACTURING
CLYDE, KS 66938

SBA Loan Lender

ELK STATE BANK
328 WASHINGTON ST
CLYDE, KS 66938

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311920 - Coffee and Tea Manufacturing

Loan Approval Date

10/8/2003

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Elk State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Elk State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Equity Financing

Best Banks for Small Business in Clyde, Kansas

Getting a Business Loan in Kansas