Clothing Stores Commercial Loans

With these commercial loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $290,000 was given to a Kansas entrepreneur in 2004.

Getting a small business loan in Edna, Kansas was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of Chanute, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
EDNA, KS 64808

SBA Loan Lender

COMMUNITY NATIONAL BANK
14 N LINCOLN
CHANUTE, KS 66720

This business 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

5399 - General Merchandise Stores

NAICS Code

448190 - Clothing Stores

Loan Approval Date

4/21/2004

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We can help you find the best banks for small businesses in Edna or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Cash Advances

Best Banks for Small Business in Chanute, Kansas

SBA Participating Banks in Kansas