Small Business Loans for Upholstered Household Furniture Manufacturing

With these small business loans for upholstered household furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This upholstered household furniture manufacturing loan for $1,100,000 was given to a Missouri entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Avilla, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Hometown Bank, based in Carthage, Missouri.

SBA Loan Borrower

COMPANY TYPE: WOOD HOUSEHOLD FURNITURE, UPHOLSTERED
AVILLA, MO 64804

SBA Loan Lender

HOMETOWN BANK
312 W CENTRAL
CARTHAGE, MO 64836

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2512 - Wood Household Furniture, Upholstered

NAICS Code

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

9/20/2001

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $825,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 46 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 Hometown 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:

Choosing VC Firms

Where to Get an SBA Loan in Carthage, Missouri

Missouri SBA Banks