Financing for Women's Handbag and Purse Manufacturing

Looking for commercial loans for women's handbag and purse manufacturing? Talk to a banker who works with the SBA. This $35,000 women's handbag and purse manufacturing loan was issued by a Virginia bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Cardinal Bank, out of Mclean, Virginia. The loan was granted and they received $35,000 to help grow their Vienna, Virginia business.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S HANDBAG AND PURSE MANUFACTURING
VIENNA, VA 22182

SBA Loan Lender

CARDINAL BANK
8270 GREENSBORO DR, STE 500
MCLEAN, VA 22102

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.

NAICS Code

316992 - Women's Handbag and Purse Manufacturing

Loan Approval Date

2/22/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cardinal Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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