Get an SBA Loan for Family Clothing Stores

Looking for small business loans for family clothing stores? An SBA loan may be just what you've been looking for. This $65,000 family clothing stores loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brunswick, Georgia was able to borrow $65,000 from The Coastal Bank Of Georgia. The SBA made the loan possible by guaranteeing $55,250 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
BRUNSWICK, GA 31520

SBA Loan Lender

THE COASTAL BANK OF GEORGIA
1500 NEWCASTLE ST
BRUNSWICK, GA 31520

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5651 - Family Clothing Stores

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

10/8/2002

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Brunswick GA, you ought to talk with a local Brunswick SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Brunswick businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Coastal Bank Of Georgia 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.

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