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May 5, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Clothing Stores Loan | ||||
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Raising Money in Panama City Beach, Florida With SBA Loans
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Get an SBA Loan for Clothing StoresLooking for small business loans for clothing stores? The SBA may be the answer. This $222,000 clothing stores loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Panama City Beach, Florida was able to borrow $222,000 from Community W. Bank. The SBA made the loan possible by guaranteeing $166,500 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender COMMUNITY W. BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448190 - Clothing Stores Loan Approval Date 12/11/2007 Loan Approval Gross Amount $222,000 Loan Approval from the SBA Of the total $222,000 loan amount, the SBA guaranteed $166,500. 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 only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $222,000 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 Goleta, California
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