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May 7, 2024 |
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| Home > Small Business Lenders by State > Business Loan Sources > Wichita, Business Loans > Business Loan Center, LLC Wichita Business Loans > Electronic Shopping Loan | ||||
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What Does It Take to Get a Business Loan in St. Thomas, ?
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Financing for Electronic ShoppingWith these commercial loans for electronic shopping, the SBA guarantees the lender that the loan will be repaid. This electronic shopping loan for $22,000 was given to a entrepreneur in 2007. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Business Loan Center, LLC, out of Wichita, Kansas. The loan was granted and they received $22,000 to help grow their St. Thomas, business. SBA Loan Borrower COMPANY TYPE: ELECTRONIC SHOPPING SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454111 - Electronic Shopping Loan Approval Date 5/24/2007 Loan Approval Gross Amount $22,000 Loan Approval from the SBA Of the total $22,000 loan amount, the SBA guaranteed $18,700. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Banking Deregulation's Effects on Entrepreneurship
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