Borrowing Money for Women, Children, and Infants Clothing and Accessories Merchant Wholesaler
Looking for loans for women, children, and infants clothing and accessories merchant wholesaler? Try the SBA. This $1,104,000 women, children, and infants clothing and accessories merchant wholesaler loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gardena, California was able to borrow $1,104,000 from Center Bank. The SBA made the loan possible by guaranteeing $828,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
GARDENA, CA 90249
SBA Loan Lender
CENTER BANK
3435 WILSHIRE BLVD, STE 700
LOS ANGELES, CA 90010
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
424330 - Women, Children, and Infants Clothing and Accessories Merchant Wholesaler
Loan Approval Date
5/10/2004
Loan Approval Gross Amount
$1,104,000
Loan Approval from the SBA
Of the total $1,104,000 loan amount, the SBA guaranteed $828,000.
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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are raising money in Gardena CA, you ought to talk with a local Gardena SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gardena businesses.
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 $1,104,000 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.
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