SBA Loan from Eaglebank Helps Women's Clothing Stores Company
Eaglebank and the SBA work together to get business loans for growing small businesses. Here's an example of how a District of Columbia entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Washington, District of Columbia was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Eaglebank, operating out of Bethesda, Maryland. Here are the details on this District of Columbia small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S CLOTHING STORES
WASHINGTON, DC 20012
SBA Loan Lender
EAGLEBANK
7815 WOODMONT AVE
BETHESDA, MD 20814
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5621 - Women's Clothing Stores
NAICS Code
448120 - Women's Clothing Stores
Loan Approval Date
11/3/2004
Loan Approval Gross Amount
$126,000
Loan Approval from the SBA
Of the total $126,000 loan amount, the SBA guaranteed $94,500.
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 2 employees. The loan application did not indicate that the small business planned to use the money 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.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
How to Raise Money
Best Bethesda, Maryland Banks for Small Business
Maryland SBA 7A Lenders