Raising Money for Gift, Novelty, and Souvenir Stores

Looking for bank loans for gift, novelty, and souvenir stores? Try the SBA. This $135,800 gift, novelty, and souvenir stores loan was issued by a North Carolina bank.

Getting a small business loan in Charlotte, North Carolina was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Charter Bank, operating out of Charlotte, North Carolina. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
CHARLOTTE, NC 28273

SBA Loan Lender

FIRST CHARTER BANK
4500 CAMERON VALLEY PKWY
CHARLOTTE, NC 28222

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

6/19/2000

Loan Approval Gross Amount

$135,800

Loan Approval from the SBA

Of the total $135,800 loan amount, the SBA guaranteed $101,850.

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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $135,800 loan. Remember, anyone can do it... so why not you?

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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