Raising Money for Footwear Wholesalers

Looking for bank loans for footwear wholesalers? The SBA may be the answer. This $70,000 footwear wholesalers loan was issued by a Maryland bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Landover, Maryland was able to borrow $70,000 from Development Credit Fund Inc. The SBA made the loan possible by guaranteeing $56,000 of this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOTWEAR
LANDOVER, MD 20744

SBA Loan Lender

DEVELOPMENT CREDIT FUND INC
2530 N CHARLES ST
BALTIMORE, MD 21218

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5139 - Footwear

NAICS Code

422340 - Footwear Wholesalers

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Landover MD, you ought to talk with a local Landover SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Landover businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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