Women, Children, and Infants Clothing and Accessories Merchant Wholesaler SBA Loans
With these SBA loans for women, children, and infants clothing and accessories merchant wholesaler, the SBA guarantees the lender that the loan will be repaid. This women, children, and infants clothing and accessories merchant wholesaler loan for $1,592,000 was given to a Colorado entrepreneur in 2005.
This small business knew how to go about getting a business bank loan. Based in Ft Collins, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First National Bank, based in Fort Collins, Colorado.
SBA Loan Borrower
COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
FT COLLINS, CO 80526
SBA Loan Lender
FIRST NATIONAL BANK
205 W OAK ST
FORT COLLINS, CO 80521
This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
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
3/7/2005
Loan Approval Gross Amount
$1,592,000
Loan Approval from the SBA
Of the total $1,592,000 loan amount, the SBA guaranteed $1,194,000.
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 11 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Obtaining Funding - Friends and Family
Best Fort Collins, Colorado Banks for Small Business
Colorado SBA 7A Lenders