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December 23, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Amory, Business Loans > Cadence Bank Amory Business Loans > Furniture Loan | ||||
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Cadence Bank SBA 7A Loans
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Furniture Wholesalers LoansLooking for loans for furniture wholesalers? The SBA may be the answer. This $87,000 furniture wholesalers loan was issued by a Mississippi bank. Getting a small business loan in Amory, Mississippi was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Cadence Bank, operating out of Amory, Mississippi. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE SBA Loan Lender CADENCE BANK 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. SIC Code 5021 - Furniture NAICS Code 421210 - Furniture Wholesalers Loan Approval Date 8/11/2000 Loan Approval Gross Amount $87,000 Loan Approval from the SBA Of the total $87,000 loan amount, the SBA guaranteed $69,600. More Information on This SBA Loan The borrower 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 10 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cadence Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA 7A Lenders in Amory, Mississippi
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