Financing for Furniture Stores

Looking for loans for furniture stores? An SBA loan may be just what you've been looking for. This $83,200 furniture stores loan was issued by an Oklahoma bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Alva St. Bank & Trust, out of Alva, Oklahoma. The loan was granted and they received $83,200 to help grow their Alva, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
ALVA, OK 73717

SBA Loan Lender

ALVA ST. BANK & TRUST
518 COLLEGE AVE
ALVA, OK 73717

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

8/13/2004

Loan Approval Gross Amount

$83,200

Loan Approval from the SBA

Of the total $83,200 loan amount, the SBA guaranteed $70,720.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Alva St. Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

504 Loans

Where to Get an SBA Loan in Alva, Oklahoma

SBA Participating Banks in Oklahoma