Women's Clothing Stores Loans

With these loans for women's clothing stores, the SBA guarantees the lender that the loan will be repaid. This women's clothing stores loan for $75,000 was given to a New York entrepreneur in 2006.

Getting a small business loan in Albany, New York was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from State Empl Fcu, operating out of Albany, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
ALBANY, NY 12206

SBA Loan Lender

STATE EMPL FCU
SEFCU PATROON CREEK CORPORATE
ALBANY, NY 12206

This loan for a small business 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

448120 - Women's Clothing Stores

Loan Approval Date

9/13/2006

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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Small Bank Loans in Albany, New York

Getting an SBA Loan in New York