Emprise Bank Gives SBA Loan to Book Stores Company

SBA loans in Kansas are tough to come by these days. We take a look at one Kansas SBA loan, provided by a Kansas bank, that was approved by the SBA.

Getting a small business loan in Wichita, Kansas was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Emprise Bank. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
WICHITA, KS 67212

SBA Loan Lender

EMPRISE BANK
257 N BROADWAY
WICHITA, KS 67202

This lender issued this particular SBA 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

451211 - Book Stores

Loan Approval Date

6/11/2003

Loan Approval Gross Amount

$104,000

Loan Approval from the SBA

Of the total $104,000 loan amount, the SBA guaranteed $88,400.

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 7 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Emprise Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Line of Credit

Where to Get an SBA Loan in Wichita, Kansas

Getting an SBA Loan in Kansas