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