Family Clothing Stores Small Business Loans

Looking for small business loans for family clothing stores? The SBA may be the answer. This $150,000 family clothing stores loan was issued by a Florida bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Gulfstream Business Bank, out of Stuart, Florida. The loan was granted and they received $150,000 to help grow their Palm City, Florida business.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
PALM CITY, FL 34990

SBA Loan Lender

GULFSTREAM BUSINESS BANK
2400 SE MONTEREY RD, STE 100
STUART, FL 34996

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

2/13/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Palm City FL, you ought to talk with a local Palm City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palm City businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

The Friends and Family Network

SBA Participating Banks in Stuart, Florida

SBA Participating Banks in Florida