Business Loan from Amer Express Centurion Bk Given to Women, Children, And Infants Clothing And Accessories Merchant Wholesaler Company
Amer Express Centurion Bk is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.
This business knew how to go about getting a business bank loan. Based in Alhambra, California, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Amer Express Centurion Bk, based in Salt Lake City, Utah.
SBA Loan Borrower
COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
ALHAMBRA, CA 91803
SBA Loan Lender
AMER EXPRESS CENTURION BK
4315 S 2700 WEST, MC 01-04
SALT LAKE CITY, UT 84184
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
424330 - Women, Children, and Infants Clothing and Accessories Merchant Wholesaler
Loan Approval Date
12/15/2004
Loan Approval Gross Amount
$23,000
Loan Approval from the SBA
Of the total $23,000 loan amount, the SBA guaranteed $11,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 5 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amer Express Centurion Bk that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Realistic Debt Financing Options
Small Business Banks in Salt Lake City, Utah
Utah SBA 7A Banks