Raising Money for Home Furnishing Merchant Wholesalers

Looking for bank loans for home furnishing merchant wholesalers? An SBA loan may be just what you've been looking for. This $100,000 home furnishing merchant wholesalers loan was issued by a Massachusetts bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Mercantile Bank & Trust, out of Boston, Massachusetts. The loan was granted and they received $100,000 to help grow their Boston, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS
BOSTON, MA 02118

SBA Loan Lender

MERCANTILE BANK & TRUST
61 BROOKLINE AVE
BOSTON, MA 02215

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

423220 - Home Furnishing Merchant Wholesalers

Loan Approval Date

3/29/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Mercantile Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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