Men's and Boys' Cut and Sew Suit, Coat, and Overcoat Manufacturing Bank Loans
Looking for bank loans for men's and boys' cut and sew suit, coat, and overcoat manufacturing? The SBA may be the answer. This $20,000 men's and boys' cut and sew suit, coat, and overcoat manufacturing loan was issued by a Maine bank.
This company knew how to go about getting a business bank loan. Based in Shrewsbury, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Td Banknorth, based in Portland, Maine.
SBA Loan Borrower
COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW SUIT, COAT, AND OVERCOAT MANUFACTURING
Shrewsbury, MA 01545
SBA Loan Lender
TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101
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
315222 - Men's and Boys' Cut and Sew Suit, Coat, and Overcoat Manufacturing
Loan Approval Date
5/30/2006
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
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. This SBA loan request indicated that the loan would help retain 1 existing job.
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.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
How Equity Dilution Works
Where to Get an SBA Loan in Portland, Maine
Getting an SBA Loan in Maine