Financing for Hat, Cap, and Millinery Manufacturing

With these commercial loans for hat, cap, and millinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This hat, cap, and millinery manufacturing loan for $750,000 was given to a New Jersey entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Runnemede, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Susquehanna Bank Dv, based in Pottstown, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: HATS, CAPS, AND MILLINERY
RUNNEMEDE, NJ 08078

SBA Loan Lender

SUSQUEHANNA BANK DV
HIGH & HANOVER STS
POTTSTOWN, PA 19464

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2353 - Hats, Caps, and Millinery

NAICS Code

315991 - Hat, Cap, and Millinery Manufacturing

Loan Approval Date

5/12/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $750,000 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:

Obtaining Funding - Friends and Family

SBA Banks in Pottstown, Pennsylvania

Find an SBA Lender in Pennsylvania