Get an SBA Loan for Clothing Stores

Looking for bank loans for clothing stores? Try the SBA. This $70,000 clothing stores loan was issued by a Texas bank.

Getting a small business loan in Nolanville, Texas was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from National Bank, operating out of Gatesville, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
NOLANVILLE, TX 76548

SBA Loan Lender

NATIONAL BANK
905 MAIN ST
GATESVILLE, TX 76528

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.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

6/3/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Nolanville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Bank Credit Lines

Good Banks for Small Business in Gatesville, Texas

SBA Participating Banks in Texas