Family Clothing Stores Loans
Looking for loans for family clothing stores? The SBA may be the answer. This $110,000 family clothing stores loan was issued by a Wisconsin bank.
This small firm knew how to go about getting a business bank loan. Based in Stevens Point, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Pineries Bank, based in Stevens Point, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: FAMILY CLOTHING STORES
STEVENS POINT, WI 54481
SBA Loan Lender
THE PINERIES BANK
3601 MAIN ST
STEVENS POINT, WI 54481
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5651 - Family Clothing Stores
NAICS Code
448140 - Family Clothing Stores
Loan Approval Date
10/17/2002
Loan Approval Gross Amount
$110,000
Loan Approval from the SBA
Of the total $110,000 loan amount, the SBA guaranteed $93,500.
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. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Pineries Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Getting a Small Business Loan
Good Banks for Small Business in Stevens Point, Wisconsin
SBA Lenders in Wisconsin