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May 18, 2024 |
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| Home > Small Business Lenders by State > Delaware Business Loan Sources > Wilmington, Business Loans > Wilmington Trust Company Wilmington Business Loans > Hat, Cap, And Millinery Manufacturing Loan | ||||
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Wilmington Lenders
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Wilmington, Delaware Bank Gives SBA Loan to Hat, Cap, And Millinery Manufacturing CompanyThinking about meeting with a Wilmington, Delaware bank about a business loan? Here's one Delaware business loan, issued by a Wilmington bank, that was approved by the SBA. Applying for an SBA loan with Wilmington Trust Company worked out well for our friends at one local business in Wilmington, Delaware. The business was able to get an SBA loan for $200,000. Great job! SBA Loan Borrower COMPANY TYPE: HAT, CAP, AND MILLINERY MANUFACTURING SBA Loan Lender WILMINGTON TRUST COMPANY The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 315991 - Hat, Cap, and Millinery Manufacturing Loan Approval Date 8/29/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, if it to be, it is up to me! 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: Family and Friend Investors - Your First Financiers Best Banks in Wilmington, Delaware
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