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May 13, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Men's And Boys' Cut And Sew Apparel Contractors Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Borrowing Money for Men's and Boys' Cut and Sew Apparel ContractorsLooking for small business loans for men's and boys' cut and sew apparel contractors? Try the SBA. This $97,500 men's and boys' cut and sew apparel contractors loan was issued by an Ohio bank. This small firm knew how to go about getting a business bank loan. Based in Littleton, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW APPAREL CONTRACTORS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315211 - Men's and Boys' Cut and Sew Apparel Contractors Loan Approval Date 12/4/2007 Loan Approval Gross Amount $97,500 Loan Approval from the SBA Of the total $97,500 loan amount, the SBA guaranteed $82,875. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into U.S. Bank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Dealing With Venture Capitalists Best Banks for Small Business in Cincinnati, Ohio
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