Business Loans for Specialty Food Stores

With these business loans for specialty food stores, the SBA guarantees the lender that the loan will be repaid. This specialty food stores loan for $28,600 was given to a Kansas entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Larned, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First National Bank & Trust In Larne, based in Larned, Kansas.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
LARNED, KS 67550

SBA Loan Lender

FIRST NATIONAL BANK & TRUST IN LARNE
102 W 6TH ST
LARNED, KS 67550

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

1/17/2007

Loan Approval Gross Amount

$28,600

Loan Approval from the SBA

Of the total $28,600 loan amount, the SBA guaranteed $24,310.

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 only one employee. This SBA loan request indicated that the funding would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $28,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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