Financing for Women's, Girls', and Infants' Cut and Sew Apparel Contractors
With these loans for women's, girls', and infants' cut and sew apparel contractors, the SBA guarantees the lender that the loan will be repaid. This women's, girls', and infants' cut and sew apparel contractors loan for $520,000 was given to a Missouri entrepreneur in 2007.
Getting a small business loan in St Joseph, Missouri was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank, operating out of Lenexa, Kansas. Here are the details on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S, GIRLS', AND INFANTS' CUT AND SEW APPAREL CONTRACTORS
ST JOSEPH, MO 64506
SBA Loan Lender
CITIZENS BANK
7900 QUIVIRA
LENEXA, KS 66215
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
315212 - Women's, Girls', and Infants' Cut and Sew Apparel Contractors
Loan Approval Date
7/25/2007
Loan Approval Gross Amount
$520,000
Loan Approval from the SBA
Of the total $520,000 loan amount, the SBA guaranteed $390,000.
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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens 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 Participating Banks in Lenexa, Kansas
Kansas SBA 7A Lenders