Commercial Loans for Women's, Girls', and Infants' Cut and Sew Apparel Contractors
Looking for commercial loans for women's, girls', and infants' cut and sew apparel contractors? The SBA may be the answer. This $15,000 women's, girls', and infants' cut and sew apparel contractors loan was issued by an Alabama bank.
This business knew how to go about getting a business bank loan. Based in Foley, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was United Bank, based in Atmore, Alabama.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S, GIRLS', AND INFANTS' CUT AND SEW APPAREL CONTRACTORS
FOLEY, AL 36535
SBA Loan Lender
UNITED BANK
200 E NASHVILLE AVE
ATMORE, AL 36502
This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
315212 - Women's, Girls', and Infants' Cut and Sew Apparel Contractors
Loan Approval Date
1/13/2006
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $12,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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