Clothing Stores Commercial Loans

With these commercial loans for clothing stores, the SBA guarantees the lender that the loan will be repaid. This clothing stores loan for $34,500 was given to a Colorado entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wheat Ridge, Colorado was able to borrow $34,500 from California Bank & Trust. The SBA made the loan possible by guaranteeing $17,250 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
Wheat Ridge, CO 80033

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

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

448190 - Clothing Stores

Loan Approval Date

3/2/2005

Loan Approval Gross Amount

$34,500

Loan Approval from the SBA

Of the total $34,500 loan amount, the SBA guaranteed $17,250.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Wheat Ridge CO, you ought to talk with a local Wheat Ridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wheat Ridge businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company.

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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Small Bank Loans in Sacramento, California

California SBA 7A Banks