Small Business Loans for Metal Household Furniture Manufacturing

With these small business loans for metal household furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This metal household furniture manufacturing loan for $554,800 was given to a California entrepreneur in 2000.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $554,800 to help grow their Banning, California business.

SBA Loan Borrower

COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING
BANNING, CA 92220

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337124 - Metal Household Furniture Manufacturing

Loan Approval Date

11/3/2000

Loan Approval Gross Amount

$554,800

Loan Approval from the SBA

Of the total $554,800 loan amount, the SBA guaranteed $416,100.

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 3 employees. The loan application indicated that the loan would help generate 17 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Dallas, Texas

Texas SBA 7A Banks