Women's Clothing Stores Commercial Loans

With these commercial loans for women's clothing stores, the SBA guarantees the lender that the loan will be repaid. This women's clothing stores loan for $45,400 was given to a Kansas entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in Manhattan, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community First National Bank, based in Manhattan, Kansas.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
MANHATTAN, KS 66502

SBA Loan Lender

COMMUNITY FIRST NATIONAL BANK
215 S SETH CHILD RD
MANHATTAN, KS 66502

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

9/20/2006

Loan Approval Gross Amount

$45,400

Loan Approval from the SBA

Of the total $45,400 loan amount, the SBA guaranteed $38,590.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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

Alternative Financing

SBA 7A Lenders in Manhattan, Kansas

Kansas SBA 7A Lenders