Wilson, Kansas Bank Lends Money to Gift, Novelty, And Souvenir Shops Company in Russell, Kansas

Want to talk with a Wilson, Kansas bank about a small business loan? Here's one Kansas business loan, issued by a Wilson bank, that was approved by the SBA.

Applying for an SBA loan with Wilson State Bank worked out well for our friends at one local business in Russell, Kansas. The business was able to get an SBA loan for $81,300. Nice!

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
RUSSELL, KS 67665

SBA Loan Lender

WILSON STATE BANK
422 26TH ST
WILSON, KS 67490

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

9/6/2001

Loan Approval Gross Amount

$81,300

Loan Approval from the SBA

Of the total $81,300 loan amount, the SBA guaranteed $69,105.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

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

Borrowing Money from Friends and Family

SBA 7A Banks in Wilson, Kansas

Kansas SBA 7A Banks