Get an SBA Loan for Family Clothing Stores

Looking for small business loans for family clothing stores? The SBA may be the answer. This $90,838 family clothing stores loan was issued by a Mississippi bank.

This company knew how to go about getting a business bank loan. Based in Mize, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community Bank Of Mississippi, based in Raleigh, Mississippi.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
MIZE, MS 39116

SBA Loan Lender

COMMUNITY BANK OF MISSISSIPPI
210 MIMOSA DR
RALEIGH, MS 39153

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

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

11/5/2002

Loan Approval Gross Amount

$90,838

Loan Approval from the SBA

Of the total $90,838 loan amount, the SBA guaranteed $77,212.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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