Financing for Metal Household Furniture Manufacturing

Looking for loans for metal household furniture manufacturing? An SBA loan may be just what you've been looking for. This $530,000 metal household furniture manufacturing loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Sumter Bank & Trust Company, out of Americus, Georgia. The loan was granted and they received $530,000 to help grow their Americus, Georgia business.

SBA Loan Borrower

COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING
AMERICUS, GA 31709

SBA Loan Lender

SUMTER BANK & TRUST COMPANY
201 E LAMAR ST
AMERICUS, GA 31709

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337124 - Metal Household Furniture Manufacturing

Loan Approval Date

4/4/2002

Loan Approval Gross Amount

$530,000

Loan Approval from the SBA

Of the total $530,000 loan amount, the SBA guaranteed $397,500.

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 39 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 39 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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