Clothing Stores Commercial Loans

With these commercial loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $10,000 was given to a Texas entrepreneur in 2008.

This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with 1st National Bank - Beeville, out of Beeville, Texas. The loan was granted and they received $10,000 to help grow their Beeville, Texas business.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
BEEVILLE, TX 78102

SBA Loan Lender

1ST NATIONAL BANK - BEEVILLE
1400 E HOUSTON ST
BEEVILLE, TX 78104

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

2/6/2008

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank - Beeville 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:

Startup Funding Tip

Small Business Banks in Beeville, Texas

SBA Lenders in Texas