Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Tips for Entrepreneurs On Getting a Loan

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Women's Clothing Stores

Looking for commercial loans for women's clothing stores? Talk to a banker who works with the SBA. This $90,000 women's clothing stores loan was issued by a Kansas bank.

This business knew how to go about getting a business bank loan. Based in Wichita, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Intrust Bank, based in Wichita, Kansas.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORY STORES
WICHITA, KS 67212

SBA Loan Lender

INTRUST BANK
105 N MAIN ST
WICHITA, KS 67202

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5699 - Apparel and Accessory Stores

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

12/1/2000

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $72,000.

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 10 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Intrust 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:

Role of Business Plan When Raising Money

Best Banks in Wichita, Kansas

Where to Get an SBA Loan Kansas