Luggage Manufacturing Loans

With these loans for luggage manufacturing, the SBA guarantees the lender that the loan will be repaid. This luggage manufacturing loan for $40,000 was given to a Texas entrepreneur in 2000.

Getting a small business loan in Kingsville, Texas was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Citicapital Small Business Finance, operating out of Irving, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: LUGGAGE
KINGSVILLE, TX 78363

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

This 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.

SIC Code

3161 - Luggage

NAICS Code

316991 - Luggage Manufacturing

Loan Approval Date

4/20/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citicapital Small Business Finance are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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