Raising 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 $150,000 women's, children's, and infants' clothing and accessories wholesalers loan was issued by a Florida bank.

Star Supply received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Banco Popular, out of Orlando, Florida. The loan was granted and they received $150,000 to help grow their Miami, Florida business.

SBA Loan Borrower

STAR SUPPLY
2315 NW 107TH AVE, SUITE M-56
MIAMI, FL 33172

SBA Loan Lender

BANCO POPULAR
8523 COMMODITY CIR
ORLANDO, FL 32819

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5139 - Footwear

NAICS Code

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

Loan Approval Date

10/9/2002

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, Star Supply, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 12/31/2003.

Next Steps for Getting an SBA Loan

If you need business start up money in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

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

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