Where to Get Capital for Women's Clothing Stores

Looking for SBA loans for women's clothing stores? Talk to a banker who works with the SBA. This $265,000 women's clothing stores loan was issued by an Arkansas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fayetteville, Arkansas was able to borrow $265,000 from Simmons 1st Bank - N.W. Arkansas. The SBA made the loan possible by guaranteeing $198,750 of this Arkansas small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
FAYETTEVILLE, AR 72703

SBA Loan Lender

SIMMONS 1ST BANK - N.W. ARKANSAS
5106 S THOMPSON
SPRINGDALE, AR 72764

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 our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$265,000

Loan Approval from the SBA

Of the total $265,000 loan amount, the SBA guaranteed $198,750.

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

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Simmons 1st Bank - N.W. Arkansas and they will explain how you can get an SBA loan for your company.

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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