Borrowing Money for Store Retailers
Looking for small business loans for store retailers? Try the SBA. This $60,000 store retailers loan was issued by a Kansas bank.
Getting a small business loan in Pomona, Kansas was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Peoples Bank, operating out of Lawrence, Kansas. Here are the details on this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
POMONA, KS 66067
SBA Loan Lender
PEOPLES BANK
4831 W 6TH ST
LAWRENCE, KS 66044
This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
7/7/2004
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
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 SBA loan application for the borrower 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
SBA loans provide money to small business owners for working capital for other expenses.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Peoples Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Small Business Credit Cards
SBA 7A Banks in Lawrence, Kansas
Getting an SBA Loan in Kansas