Raising Money for Family Clothing Stores

With these business loans for family clothing stores, the SBA guarantees the lender that the loan will be repaid. This family clothing stores loan for $103,900 was given to a Florida entrepreneur in 2000.

This small business knew how to go about getting a business bank loan. Based in Jupiter, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of America, based in Columbia, South Carolina.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
JUPITER, FL 33458

SBA Loan Lender

BANK OF AMERICA
121 MOORE-HOPKINS - SC3-250-0
COLUMBIA, SC 29210

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5651 - Family Clothing Stores

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

5/3/2000

Loan Approval Gross Amount

$103,900

Loan Approval from the SBA

Of the total $103,900 loan amount, the SBA guaranteed $77,925.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

Related Links:

Alternative Financing

Who Lends Money to Small Businesses in Columbia, South Carolina

Getting an SBA Loan in South Carolina