Commercial Loans for Cut and Sew Apparel Manufacturing

Looking for commercial loans for cut and sew apparel manufacturing? An SBA loan may be just what you've been looking for. This $71,940 cut and sew apparel manufacturing loan was issued by a Kansas bank.

This business knew how to go about getting a business bank loan. Based in Paola, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Option Bank, based in Osawatomie, Kansas.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORIES
PAOLA, KS 66071

SBA Loan Lender

FIRST OPTION BANK
601 MAIN ST
OSAWATOMIE, KS 66064

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2389 - Apparel and Accessories

NAICS Code

315299 - Cut and Sew Apparel Manufacturing

Loan Approval Date

7/10/2003

Loan Approval Gross Amount

$71,940

Loan Approval from the SBA

Of the total $71,940 loan amount, the SBA guaranteed $61,149.

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 22 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This SBA loan was for $71,940. How would you spend $71,940 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Equity Financing

Who Lends Money to Small Businesses in Osawatomie, Kansas

Kansas SBA Banks