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May 17, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Gulfport, Business Loans > Hancock Bank Gulfport Business Loans > Children's And Infants' Clothing Stores Loan | ||||
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Business Loans for Baton Rouge Entrepreneurs
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How to Get a Loan for Children's and Infants' Clothing StoresLooking for SBA loans for children's and infants' clothing stores? Try the SBA. This $120,000 children's and infants' clothing stores loan was issued by a Mississippi bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Baton Rouge, Louisiana was able to borrow $120,000 from Hancock Bank. The SBA made the loan possible by guaranteeing $102,000 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: CHILDREN'S AND INFANTS' CLOTHING STORES SBA Loan Lender HANCOCK BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448130 - Children's and Infants' Clothing Stores Loan Approval Date 2/28/2005 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $120,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Bank Loans in Gulfport, Mississippi
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