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December 22, 2024  
 
 
  Business Loan Information  
 

Kansas State Bank Of Manhattan SBA Loans

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Sewing, Needlework, and Piece Goods Stores

Looking for commercial loans for sewing, needlework, and piece goods stores? The SBA may be the answer. This $88,000 sewing, needlework, and piece goods stores loan was issued by a Kansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Manhattan, Kansas was able to borrow $88,000 from Kansas State Bank Of Manhattan. The SBA made the loan possible by guaranteeing $74,800 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
MANHATTAN, KS 66502

SBA Loan Lender

KANSAS STATE BANK OF MANHATTAN
1010 WESTLOOP
MANHATTAN, KS 66505

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.

SIC Code

5949 - Sewing, Needlework, and Piece Goods Stores

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

12/21/2004

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

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 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kansas State Bank Of Manhattan had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kansas State Bank Of Manhattan 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:

Realistic Debt Financing Options

Banks in Manhattan, Kansas

Kansas SBA 7A Lenders