SBA Loans for Footwear Wholesalers

Looking for SBA loans for footwear wholesalers? The SBA may be the answer. This $993,500 footwear wholesalers loan was issued by an Ohio bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Paramount, California was able to borrow $993,500 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $643,986 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOTWEAR WHOLESALERS
PARAMOUNT, CA 90723

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender issued this SBA business loan under the SBA's 7A loan, 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

422340 - Footwear Wholesalers

Loan Approval Date

12/20/2001

Loan Approval Gross Amount

$993,500

Loan Approval from the SBA

Of the total $993,500 loan amount, the SBA guaranteed $643,986.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 45 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Paramount CA, you ought to talk with a local Paramount SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Paramount businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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