Women's Clothing Stores Bank Loans

With these bank loans for women's clothing stores, the SBA guarantees the lender that the loan will be repaid. This women's clothing stores loan for $73,400 was given to a Louisiana entrepreneur in 2007.

Getting a small business loan in Metairie, Louisiana was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Gulf Coast Bank & Trust, operating out of New Orleans, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
METAIRIE, LA 70055

SBA Loan Lender

GULF COAST BANK & TRUST
200 ST. CHARLES AVE
NEW ORLEANS, LA 70130

This lender issued this debt financing under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

6/18/2007

Loan Approval Gross Amount

$73,400

Loan Approval from the SBA

Of the total $73,400 loan amount, the SBA guaranteed $62,390.

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 documents indicated that the borrowed money would help generate 4 new jobs.

Getting an SBA Loan For Your Business

If you need 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 emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Gulf Coast Bank & Trust 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.

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