Where to Get Capital for Clothing Stores

With these small business loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $89,500 was given to a Tennessee entrepreneur in 2006.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Legends Bank, out of Clarksville, Tennessee. The loan was granted and they received $89,500 to help grow their Clarksville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
CLARKSVILLE, TN 37043

SBA Loan Lender

LEGENDS BANK
310 N FIRST ST
CLARKSVILLE, TN 37040

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

10/5/2006

Loan Approval Gross Amount

$89,500

Loan Approval from the SBA

Of the total $89,500 loan amount, the SBA guaranteed $44,750.

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. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Legends Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Legends Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

A Company That Helps Entrepreneurs

Small Business Banks in Clarksville, Tennessee

Getting an SBA Loan in Tennessee