How to Get a Loan for Clothing Accessories Stores

Looking for business loans for clothing accessories stores? Talk to a banker who works with the SBA. This $23,000 clothing accessories stores loan was issued by a Kentucky bank.

This small business knew how to go about getting a business bank loan. Based in Bardstown, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Kentucky Home Bank, Inc., based in Bardstown, Kentucky.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORY STORES
BARDSTOWN, KY 40004

SBA Loan Lender

KENTUCKY HOME BANK, INC.
940 BLOOMFIELD RD
BARDSTOWN, KY 40004

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

5699 - Apparel and Accessory Stores

NAICS Code

448150 - Clothing Accessories Stores

Loan Approval Date

1/31/2002

Loan Approval Gross Amount

$23,000

Loan Approval from the SBA

Of the total $23,000 loan amount, the SBA guaranteed $19,550.

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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $23,000. How would you spend $23,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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