Where to Get Capital for Women's, Children's, and Infants' Clothing and Accessories Wholesalers
With these small business loans for women's, children's, and infants' clothing and accessories wholesalers, the SBA guarantees the lender that the loan will be repaid. This women's, children's, and infants' clothing and accessories wholesalers loan for $20,000 was given to a Florida entrepreneur in 2000.
Getting a small business loan in Jacksonville, Florida was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Coast Community Bank, operating out of Fernandina Beach, Florida. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S AND CHILDREN'S CLOTHING
JACKSONVILLE, FL 32210
SBA Loan Lender
FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5137 - Women's and Children's Clothing
NAICS Code
422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers
Loan Approval Date
1/19/2000
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $16,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 2 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
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 First Coast Community Bank 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.
Related Links:
SBIR Funding
Who Lends Money to Small Businesses in Fernandina Beach, Florida
Getting an SBA Loan in Florida