Loans for Formal Wear and Costume Rental
Looking for loans for formal wear and costume rental? Try the SBA. This $150,000 formal wear and costume rental loan was issued by a Florida bank.
Gabriella Arango Haute Couture knew how to go about getting a business bank loan. Based in Coral Gables, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Metro Bank Of Dade County, based in Miami, Florida.
SBA Loan Borrower
GABRIELLA ARANGO HAUTE COUTURE
332 MIRACLE MILE
CORAL GABLES, FL 33134
SBA Loan Lender
METRO BANK OF DADE COUNTY
9350 S DIXIE HWY
MIAMI, FL 33156
This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5621 - Women's Clothing Stores
NAICS Code
532220 - Formal Wear and Costume Rental
Loan Approval Date
7/23/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower, Gabriella Arango Haute Couture, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Gabriella Arango Haute Couture recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Business Incubators
SBA 7A Lenders in Miami, Florida
Florida SBA 7A Banks
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