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May 6, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Colwich, Business Loans > Legacy Bank Colwich Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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I Need an SBA Loan in Wichita, Kansas
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How to Get a Loan for Sporting Goods StoresLooking for business loans for sporting goods stores? Try the SBA. This $150,000 sporting goods stores loan was issued by a Kansas bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Legacy Bank, out of Colwich, Kansas. The loan was granted and they received $150,000 to help grow their Wichita, Kansas business. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender LEGACY BANK This lender issued this particular SBA business 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. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 1/3/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them! 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: Best Colwich, Kansas Banks for Small Business
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