Getting an SBA Loan for Upholstered Household Furniture Manufacturing

Looking for commercial loans for upholstered household furniture manufacturing? An SBA loan may be just what you've been looking for. This $150,000 upholstered household furniture manufacturing loan was issued by a Connecticut bank.

Getting a small business loan in Bantam, Connecticut was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Newtown Savings Bank, operating out of Newtown, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
BANTAM, CT 06750

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This SBA 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

5712 - Furniture Stores

NAICS Code

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

12/3/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 7 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Bantam CT, you ought to talk with a local Bantam SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bantam businesses.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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