Business Loan from Ge Cap. Small Business Finan Corp Given to Women's, Children's, And Infants' Clothing And Accessories Wholesalers Company
Ge Cap. Small Business Finan Corp has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
This business knew how to go about getting a business bank loan. Based in Coconut Creek, Florida, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Ge Cap. Small Business Finan Corp, based in St. Louis, Missouri.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S, CHILDREN'S, AND INFANTS' CLOTHING AND ACCESSORIES WHOLESALERS
COCONUT CREEK, FL 33073
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers
Loan Approval Date
7/24/2001
Loan Approval Gross Amount
$565,000
Loan Approval from the SBA
Of the total $565,000 loan amount, the SBA guaranteed $423,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 7 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.
Next Steps for Getting an SBA Loan
If you are raising money in Coconut Creek FL, you ought to talk with a local Coconut Creek SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coconut Creek businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $565,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Borrowing Money from Friends and Family
SBA Participating Banks in St. Louis, Missouri
Missouri SBA 7A Lenders