Loans for Clothing Stores

With these loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $14,700 was given to a Texas entrepreneur in 2005.

Getting a small business loan in Beeville, Texas was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Beeville, operating out of Beeville, Texas. Here are the details on this Texas small business loan.

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

2/4/2005

Loan Approval Gross Amount

$14,700

Loan Approval from the SBA

Of the total $14,700 loan amount, the SBA guaranteed $7,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from 1st National Bank - Beeville so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Famous Venture Capitalists

SBA 7A Lenders in Beeville, Texas

SBA Lenders in Texas