Financing for Women's Clothing Stores

With these loans for women's clothing stores, the SBA guarantees the lender that the loan will be repaid. This women's clothing stores loan for $1,500,000 was given to a Connecticut entrepreneur in 2007.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First County Bank, out of Stamford, Connecticut. The loan was granted and they received $1,500,000 to help grow their Westport, Connecticut business.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
WESTPORT, CT 06880

SBA Loan Lender

FIRST COUNTY BANK
117 PROSPECT ST
STAMFORD, CT 06901

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

8/24/2007

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3900 employees. The SBA loan documents indicated that the loan would help retain 3900 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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