How to Get a Loan for Women's Clothing Stores

Looking for commercial loans for women's clothing stores? Try the SBA. This $95,000 women's clothing stores loan was issued by a Nebraska bank.

This small business knew how to go about getting a business bank loan. Based in North Platte, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First National Bank, based in North Platte, Nebraska.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
NORTH PLATTE, NE 69101

SBA Loan Lender

FIRST NATIONAL BANK
201 N DEWEY ST
NORTH PLATTE, NE 69101

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

2/28/2007

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $47,500.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in North Platte NE, you ought to talk with a local North Platte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Platte businesses.

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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