Raising Money for Shoe Stores

With these business loans for shoe stores, the SBA guarantees the lender that the loan will be repaid. This shoe stores loan for $35,000 was given to a District of Columbia entrepreneur in 2005.

Getting a small business loan in Washington, District of Columbia was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Eaglebank, operating out of Washington, District of Columbia. Here are the details on this District of Columbia small business loan.

SBA Loan Borrower

COMPANY TYPE: SHOE STORES
WASHINGTON, DC 20001

SBA Loan Lender

EAGLEBANK
2001 K ST NW
WASHINGTON, DC 20006

This lender issued this particular 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.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 only one employee. The loan application did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Washington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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