Loans for Family Clothing Stores

With these loans for family clothing stores, the SBA guarantees the lender that the loan will be repaid. This family clothing stores loan for $1,399,000 was given to a California entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Inglewood, California was able to borrow $1,399,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $1,049,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
INGLEWOOD, CA 90302

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

6/29/2005

Loan Approval Gross Amount

$1,399,000

Loan Approval from the SBA

Of the total $1,399,000 loan amount, the SBA guaranteed $1,049,250.

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 3 employees. The loan application 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?

If you are wondering how to raise money for a company in Inglewood CA, you ought to talk with a local Inglewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Inglewood businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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