SBA Loans for Apparel Accessories and Other Apparel Manufacturing

Looking for SBA loans for apparel accessories and other apparel manufacturing? The SBA may be the answer. This $127,900 apparel accessories and other apparel manufacturing loan was issued by a Washington bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richland, Washington was able to borrow $127,900 from Baker Boyer National Bank. The SBA made the loan possible by guaranteeing $108,715 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: APPAREL ACCESSORIES AND OTHER APPAREL MANUFACTURING
RICHLAND, WA 99352

SBA Loan Lender

BAKER BOYER NATIONAL BANK
7601 W CLEARWATER AVE, STE 40
KENNEWICK, WA 99336

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

315999 - Apparel Accessories and Other Apparel Manufacturing

Loan Approval Date

5/1/2001

Loan Approval Gross Amount

$127,900

Loan Approval from the SBA

Of the total $127,900 loan amount, the SBA guaranteed $108,715.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $127,900. How would you spend $127,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Advice on Getting a Small Business Loan

Best Kennewick, Washington Banks for Small Business

Getting an SBA Loan in Washington