Raising Money for Women, Children, and Infants Clothing and Accessories Merchant Wholesaler

With these business 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 $835,000 was given to a District of Columbia entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in Washington, District of Columbia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Manufacturers & Traders Trust, based in Towson, Maryland.

SBA Loan Borrower

COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER
Washington, DC 20002

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
305 W CHESAPEAKE AVE
TOWSON, MD 21204

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

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

4/4/2006

Loan Approval Gross Amount

$835,000

Loan Approval from the SBA

Of the total $835,000 loan amount, the SBA guaranteed $626,250.

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 2 employees. The loan application indicated that the loan would help generate 33 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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Banks in Towson, Maryland

SBA Lenders in Maryland