Getting an SBA Loan for Shoe Stores
With these SBA loans for shoe stores, the SBA guarantees the lender that the loan will be repaid. This shoe stores loan for $10,000 was given to a North Carolina entrepreneur in 2007.
This business knew how to go about getting a business bank loan. Based in Rutherfordton, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Superior Financial Group, LLC, based in Walnut Creek, California.
SBA Loan Borrower
COMPANY TYPE: SHOE STORES
RUTHERFORDTON, NC 28139
SBA Loan Lender
SUPERIOR FINANCIAL GROUP, LLC
165 LENNON LANE, SUITE 101
WALNUT CREEK, CA 94598
This SBA small business 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.
NAICS Code
448210 - Shoe Stores
Loan Approval Date
12/27/2007
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $8,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Superior Financial Group, LLC 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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