Raising Money for Sewing, Needlework, and Piece Goods Stores

Looking for bank loans for sewing, needlework, and piece goods stores? An SBA loan may be just what you've been looking for. This $57,520 sewing, needlework, and piece goods stores loan was issued by a Kansas bank.

Getting a small business loan in Parsons, Kansas was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Labette Bank, operating out of Altamont, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
PARSONS, KS 67357

SBA Loan Lender

LABETTE BANK
4TH & HUSTON STS
ALTAMONT, KS 67330

This lender issued this SBA small business loan under the SBA's 7A loan, 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

5949 - Sewing, Needlework, and Piece Goods Stores

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

9/7/2006

Loan Approval Gross Amount

$57,520

Loan Approval from the SBA

Of the total $57,520 loan amount, the SBA guaranteed $48,892.

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

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Labette Bank and they will explain how you can get an SBA loan for your company.

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.

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