SBA Loan from Kansas State Bank Of Manhattan Helps Retail Stores Company

An SBA loan from Kansas State Bank Of Manhattan typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Manhattan, Kansas business owner got a $675,500 loan.

This small firm knew how to go about getting a business bank loan. Based in Manhattan, Kansas, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Kansas State Bank Of Manhattan, based in Manhattan, Kansas.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
MANHATTAN, KS 66502

SBA Loan Lender

KANSAS STATE BANK OF MANHATTAN
1010 WESTLOOP
MANHATTAN, KS 66505

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

5/18/2004

Loan Approval Gross Amount

$675,500

Loan Approval from the SBA

Of the total $675,500 loan amount, the SBA guaranteed $506,625.

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 13 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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SBA 7A Lenders in Manhattan, Kansas

Getting an SBA Loan in Kansas