How to Get a Loan for Apparel Accessories and Other Apparel Manufacturing

Looking for SBA loans for apparel accessories and other apparel manufacturing? Talk to a banker who works with the SBA. This $47,315 apparel accessories and other apparel manufacturing loan was issued by an Illinois bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Alto Pass, Illinois was able to borrow $47,315 from Old National Trust Company. The SBA made the loan possible by guaranteeing $37,852 of this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S, MISSES', AND JUNIORS' OUTERWEAR, N.E.C
ALTO PASS, IL 62905

SBA Loan Lender

OLD NATIONAL TRUST COMPANY
400 MARKET ST
MOUNT CARMEL, IL 62863

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2339 - Women's, Misses', and Juniors' Outerwear, N.E.C

NAICS Code

315999 - Apparel Accessories and Other Apparel Manufacturing

Loan Approval Date

11/14/2000

Loan Approval Gross Amount

$47,315

Loan Approval from the SBA

Of the total $47,315 loan amount, the SBA guaranteed $37,852.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $47,315 loan. Remember, where there is a will, there is a way!

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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