Furniture Stores Commercial Loans

With these commercial loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $672,200 was given to a Texas entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Beaumont, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Texas State Bank, based in Beaumont, Texas.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
BEAUMONT, TX 77707

SBA Loan Lender

TEXAS STATE BANK
700 CALDER
BEAUMONT, TX 77701

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

2/16/2000

Loan Approval Gross Amount

$672,200

Loan Approval from the SBA

Of the total $672,200 loan amount, the SBA guaranteed $504,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Business Credit Evaluation

SBA 7A Banks in Beaumont, Texas

Getting a Business Loan in Texas