Business Loans for Men's Clothing Stores
Looking for business loans for men's clothing stores? Talk to a banker who works with the SBA. This $150,000 men's clothing stores loan was issued by an Oregon bank.
This small business knew how to go about getting a business bank loan. Based in Portland, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Umpqua Bank, based in Eugene, Oregon.
SBA Loan Borrower
COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND ACCESSORY STORES
PORTLAND, OR 97202
SBA Loan Lender
UMPQUA BANK
675 OAK ST
EUGENE, OR 97401
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.
SIC Code
5611 - Men's and Boys' Clothing and Accessory Stores
NAICS Code
448110 - Men's Clothing Stores
Loan Approval Date
8/15/2000
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $75,000.
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 30 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
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 Umpqua Bank 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.
Related Links:
The Art of Bootstrapping
SBA 7A Lenders in Eugene, Oregon
Getting an SBA Loan in Oregon