Financing for Clothing Accessories Stores
Looking for commercial loans for clothing accessories stores? An SBA loan may be just what you've been looking for. This $415,000 clothing accessories stores loan was issued by an Utah bank.
This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Americanwest Bank, out of Provo, Utah. The loan was granted and they received $415,000 to help grow their West Jordan, Utah business.
SBA Loan Borrower
COMPANY TYPE: CLOTHING ACCESSORIES STORES
WEST JORDAN, UT 84088
SBA Loan Lender
AMERICANWEST BANK
201 E CENTER ST
PROVO, UT 84606
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
448150 - Clothing Accessories Stores
Loan Approval Date
7/12/2001
Loan Approval Gross Amount
$415,000
Loan Approval from the SBA
Of the total $415,000 loan amount, the SBA guaranteed $311,250.
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 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Americanwest 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
Best Banks for Small Business in Provo, Utah
Getting an SBA Loan in Utah