Borrowing Money for Shoe Stores

Looking for bank loans for shoe stores? Talk to a banker who works with the SBA. This $796,000 shoe stores loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Amresco Sba Holdings, Inc., out of Irving, Texas. The loan was granted and they received $796,000 to help grow their Atlanta, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SHOE STORES
ATLANTA, GA 30318

SBA Loan Lender

AMRESCO SBA HOLDINGS, INC.
5221 N. O'CONNOR BLVD, SUITE
IRVING, TX 75039

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5661 - Shoe Stores

NAICS Code

448210 - Shoe Stores

Loan Approval Date

5/24/2000

Loan Approval Gross Amount

$796,000

Loan Approval from the SBA

Of the total $796,000 loan amount, the SBA guaranteed $597,000.

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 13 employees. The loan application indicated that the loan would help retain 13 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amresco Sba Holdings, Inc. that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - Friends and Family

Best Banks in Irving, Texas

SBA Participating Banks in Texas