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May 3, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Apparel And Accessory Stores Loan | ||||
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Raising Money in Stilwell, Kansas With SBA Loans
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Home Furnishings Stores LoansWith these loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $946,000 was given to a Kansas entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stilwell, Kansas was able to borrow $946,000 from Community So. Bank D.B.A Commun. The SBA made the loan possible by guaranteeing $709,500 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: APPAREL AND ACCESSORY STORES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This SBA bank 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. SIC Code 5699 - Apparel and Accessory Stores NAICS Code 442299 - Home Furnishings Stores Loan Approval Date 4/25/2005 Loan Approval Gross Amount $946,000 Loan Approval from the SBA Of the total $946,000 loan amount, the SBA guaranteed $709,500. 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 7 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Stilwell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 SBA 7A Lenders in Knoxville, Tennessee Browse All Business Loan Sources for Tennessee
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