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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Women's And Girls' Lingerie, Loungewear, And Nightwear Manufacturing Loan | ||||
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Small Business Banks in California
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Where to Get Capital for Women's and Girls' Lingerie, Loungewear, and Nightwear ManufacturingLooking for small business loans for women's and girls' lingerie, loungewear, and nightwear manufacturing? Try the SBA. This $843,000 women's and girls' lingerie, loungewear, and nightwear manufacturing loan was issued by a Missouri bank. This small firm knew how to go about getting a business bank loan. Based in Los Angeles, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First Bank, based in Creve Coeur, Missouri. SBA Loan Borrower COMPANY TYPE: WOMEN'S AND GIRLS' LINGERIE, LOUNGEWEAR, AND NIGHTWEAR MANUFACTURING SBA Loan Lender FIRST BANK When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program was created to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315231 - Women's and Girls' Lingerie, Loungewear, and Nightwear Manufacturing Loan Approval Date 9/30/2002 Loan Approval Gross Amount $843,000 Loan Approval from the SBA Of the total $843,000 loan amount, the SBA guaranteed $632,250. 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 98 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank and they will explain how you can get an SBA loan for your company. 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 Business Banks in Creve Coeur, Missouri
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