Loan Census Banking News and Information
May 11, 2024  
 
 
  Business Loan Information  
 

Emporia, Kansas Bank Loan

 

 
Loan Census SBA Loan Info

Raising Money for Women's Clothing Stores

Looking for bank loans for women's clothing stores? Talk to a banker who works with the SBA. This $115,000 women's clothing stores loan was issued by a Kansas bank.

This company knew how to go about getting a business bank loan. Based in Emporia, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was The Lyon County State Bank, based in Emporia, Kansas.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
EMPORIA, KS 66801

SBA Loan Lender

THE LYON COUNTY STATE BANK
902 MERCHANT ST
EMPORIA, KS 66801

This lender issued this particular commercial 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

448120 - Women's Clothing Stores

Loan Approval Date

5/1/2003

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 18 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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