Cut and Sew Apparel Manufacturing Small Business Loans

Looking for small business loans for cut and sew apparel manufacturing? Try the SBA. This $2,000,000 cut and sew apparel manufacturing loan was issued by a Maine bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Maine Bank & Trust Company, out of Portland, Maine. The loan was granted and they received $2,000,000 to help grow their Pittsfield, Maine business.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORIES
PITTSFIELD, ME 04967

SBA Loan Lender

MAINE BANK & TRUST COMPANY
467 CONGRESS ST
PORTLAND, ME 04104

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2389 - Apparel and Accessories

NAICS Code

315299 - Cut and Sew Apparel Manufacturing

Loan Approval Date

5/11/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 88 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Maine Bank & Trust Company and they will explain how you can get an SBA loan for your company.

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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