Raising Money for Nonupholstered Wood Household Furniture Manufacturing

Looking for bank loans for nonupholstered wood household furniture manufacturing? The SBA may be the answer. This $78,750 nonupholstered wood household furniture manufacturing loan was issued by a Pennsylvania bank.

This company knew how to go about getting a business bank loan. Based in Arona, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Irwin Bank, based in Irwin, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: WOOD HOUSEHOLD FURNITURE
ARONA, PA 15617

SBA Loan Lender

IRWIN BANK
309 MAIN ST
IRWIN, PA 15642

This lender issued this particular SBA bank loan 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

2511 - Wood Household Furniture

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

2/12/2003

Loan Approval Gross Amount

$78,750

Loan Approval from the SBA

Of the total $78,750 loan amount, the SBA guaranteed $66,937.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Irwin Bank and they will explain how you can get an SBA loan for your company.

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:

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SBA Participating Banks in Irwin, Pennsylvania

SBA Pennsylvania Banks