Get an SBA Loan for Family Clothing Stores

Looking for loans for family clothing stores? Talk to a banker who works with the SBA. This $280,000 family clothing stores loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in La Crescenta, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank - Whittier, based in Whittier, California.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
LA CRESCENTA, CA 91214

SBA Loan Lender

BANK - WHITTIER
15141 E WHITTIER BLVD
WHITTIER, CA 90603

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

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

3/16/2000

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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