Business Loans for Women's Clothing Stores

Looking for business loans for women's clothing stores? The SBA may be the answer. This $80,500 women's clothing stores loan was issued by a North Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Branch Bank & Trust, out of Hendersonville, North Carolina. The loan was granted and they received $80,500 to help grow their Hendersonville, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
HENDERSONVILLE, NC 28792

SBA Loan Lender

BRANCH BANK & TRUST
100 DANA RD
HENDERSONVILLE, NC 28792

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$80,500

Loan Approval from the SBA

Of the total $80,500 loan amount, the SBA guaranteed $68,425.

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 4 employees. The loan application did not indicate that the small business planned to use the funding to hire new 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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