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May 9, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Hanston, Business Loans > The Hanston State Bank Hanston Business Loans > Grocery Stores Loan | ||||
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Best Banks for Jetmore Business Owners
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Supermarkets and Grocery Stores Small Business LoansLooking for small business loans for supermarkets and grocery stores? Try the SBA. This $107,250 supermarkets and grocery stores loan was issued by a Kansas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jetmore, Kansas was able to borrow $107,250 from The Hanston State Bank. The SBA made the loan possible by guaranteeing $80,438 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender THE HANSTON STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 8/24/2001 Loan Approval Gross Amount $107,250 Loan Approval from the SBA Of the total $107,250 loan amount, the SBA guaranteed $80,438. 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. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Hanston State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Hanston 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: Small Bank Loans in Hanston, Kansas
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