Clothing Stores Small Business Loans

Looking for small business loans for clothing stores? An SBA loan may be just what you've been looking for. This $140,000 clothing stores loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Northland Financial, out of Bismarck, North Dakota. The loan was granted and they received $140,000 to help grow their Bismarck, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
BISMARCK, ND 58501

SBA Loan Lender

NORTHLAND FINANCIAL
207 E FRONT AVE
BISMARCK, ND 58504

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

10/15/2007

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Accountant's Role in Securing Financing

SBA 7A Banks in Bismarck, North Dakota

North Dakota SBA 7A Banks