Getting an SBA Loan for Women's Clothing Stores

Looking for SBA loans for women's clothing stores? Talk to a banker who works with the SBA. This $135,000 women's clothing stores loan was issued by an Indiana bank.

Getting a small business loan in Kokomo, Indiana was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Star Financial Bank, operating out of Kokomo, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S ACCESSORY AND SPECIALTY STORES
KOKOMO, IN 46902

SBA Loan Lender

STAR FINANCIAL BANK
114 E WALNUT
KOKOMO, IN 46901

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

5632 - Women's Accessory and Specialty Stores

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

3/22/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

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 loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Star Financial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Strategic Investors

Small Business Banks in Kokomo, Indiana

Where to Get an SBA Loan Indiana