Commercial Loans for Women's Clothing Stores

Looking for commercial loans for women's clothing stores? The SBA may be the answer. This $30,000 women's clothing stores loan was issued by an Illinois bank.

Getting a small business loan in Chicago, Illinois was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Harris National Association, operating out of Barrington, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
CHICAGO, IL 60657

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
201 S GROVE AVE
BARRINGTON, IL 60010

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

448120 - Women's Clothing Stores

Loan Approval Date

1/13/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $30,000. How would you spend $30,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Friends and Family Network

Banks in Barrington, Illinois

SBA Participating Banks in Illinois