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May 2, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Newark, Business Loans > Millennium Bcpbank Newark Business Loans > Clothing Accessories Stores Loan | ||||
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Business Loans for New York Small Businesses
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Financing for Clothing Accessories StoresLooking for commercial loans for clothing accessories stores? The SBA may be the answer. This $90,000 clothing accessories stores loan was issued by a New Jersey bank. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Millennium Bcpbank, out of Newark, New Jersey. The loan was granted and they received $90,000 to help grow their New York, New York business. SBA Loan Borrower COMPANY TYPE: CLOTHING ACCESSORIES STORES SBA Loan Lender MILLENNIUM BCPBANK This debt financing 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 448150 - Clothing Accessories Stores Loan Approval Date 11/14/2006 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $45,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Banking Deregulation's Effects on Entrepreneurship SBA Banks in Newark, New Jersey
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