Financing for Office Furniture Manufacturing

Looking for loans for office furniture manufacturing? An SBA loan may be just what you've been looking for. This $101,613 office furniture manufacturing loan was issued by a Minnesota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Blaine, Minnesota was able to borrow $101,613 from Landmark Commun Bank. The SBA made the loan possible by guaranteeing $91,451 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
BLAINE, MN 55434

SBA Loan Lender

LANDMARK COMMUN BANK
29 W MAIN ST
ISANTI, MN 55040

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

337214 - Office Furniture Manufacturing

Loan Approval Date

12/12/2006

Loan Approval Gross Amount

$101,613

Loan Approval from the SBA

Of the total $101,613 loan amount, the SBA guaranteed $91,451.

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 19 employees. This SBA loan request indicated that the loan would help retain 19 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Landmark Commun Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Landmark Commun Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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