Raising Money for Men's and Boys' Cut and Sew Shirt Manufacturing

Looking for bank loans for men's and boys' cut and sew shirt manufacturing? An SBA loan may be just what you've been looking for. This $60,000 men's and boys' cut and sew shirt manufacturing loan was issued by a Maine bank.

This small firm knew how to go about getting a business bank loan. Based in Portland, Maine, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Gorham Savings Bank, based in Gorham, Maine.

SBA Loan Borrower

COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW SHIRT MANUFACTURING
PORTLAND, ME 04101

SBA Loan Lender

GORHAM SAVINGS BANK
64 MAIN ST
GORHAM, ME 04038

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

315223 - Men's and Boys' Cut and Sew Shirt Manufacturing

Loan Approval Date

4/13/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

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 7 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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 $60,000 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:

Equity Financing

SBA 7A Banks for Gorham, Maine Loans

Getting an SBA Loan in Maine