Where to Get Capital for Women, Children, and Infants Clothing and Accessories Merchant Wholesaler
Looking for small business loans for women, children, and infants clothing and accessories merchant wholesaler? An SBA loan may be just what you've been looking for. This $7,000 women, children, and infants clothing and accessories merchant wholesaler loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bradenton, Florida was able to borrow $7,000 from Bank Of America. The SBA made the loan possible by guaranteeing $3,500 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
BRADENTON, FL 34205
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
424330 - Women, Children, and Infants Clothing and Accessories Merchant Wholesaler
Loan Approval Date
5/25/2007
Loan Approval Gross Amount
$7,000
Loan Approval from the SBA
Of the total $7,000 loan amount, the SBA guaranteed $3,500.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Realistic Debt Financing Options
Small Business Banks in Charlotte, North Carolina
North Carolina SBA 7A Lenders