Borrowing Money for Women's, Children's, and Infants' Clothing and Accessories Wholesalers

Looking for bank loans for women's, children's, and infants' clothing and accessories wholesalers? Try the SBA. This $50,000 women's, children's, and infants' clothing and accessories wholesalers loan was issued by a Florida bank.

Bounce Fashions received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Citibank, out of Miami, Florida. The loan was granted and they received $50,000 to help grow their Los Angeles, California business.

SBA Loan Borrower

BOUNCE FASHIONS
117 W 9TH STREET
LOS ANGELES, CA 90015

SBA Loan Lender

CITIBANK
8750 DORAL BLVD, 7TH FL
MIAMI, FL 33178

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

422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers

Loan Approval Date

7/9/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower, Bounce Fashions, 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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. This loan was paid in full, and was closed out on 8/31/2006.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citibank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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SBA Approved Banks in Miami, Florida

Florida SBA Bank Lenders

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