Getting an SBA Loan for Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesa

Looking for commercial loans for women's, children's, and infants' clothing and accessories merchant wholesa? Talk to a banker who works with the SBA. This $50,000 women's, children's, and infants' clothing and accessories merchant wholesa loan was issued by a Virginia bank.

Getting a small business loan in Miami, Florida was important for B & B Handbags Inc. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Suntrust Bank, operating out of Richmond, Virginia. Here are the details on this Florida small business loan.

SBA Loan Borrower

B & B Handbags Inc.
2450 NW 5th Avenue
Miami, FL 33127

SBA Loan Lender

SUNTRUST BANK
1001 SEMMES AVE, RVW 4323
RICHMOND, VA 23224

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

424330 - Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesa

Loan Approval Date

10/3/2005

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, B & B Handbags Inc., 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 6 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 9 existing jobs.

Great, But How Can I Get an SBA Loan for My 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.

B & B Handbags Inc. got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

Related Links:

The Art of Bootstrapping

SBA 7A Banks for Richmond, Virginia Loans

Getting a Business Loan in Virginia

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