Where to Get Capital for Upholstered Household Furniture Manufacturing

Looking for small business loans for upholstered household furniture manufacturing? An SBA loan may be just what you've been looking for. This $1,136,000 upholstered household furniture manufacturing loan was issued by a Pennsylvania bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Commerce Bank, out of Philadelphia, Pennsylvania. The loan was granted and they received $1,136,000 to help grow their Cherry Hill, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
CHERRY HILL, NJ 08002

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

12/28/2000

Loan Approval Gross Amount

$1,136,000

Loan Approval from the SBA

Of the total $1,136,000 loan amount, the SBA guaranteed $749,987.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,136,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

SBIR Funding

SBA 7A Banks for Philadelphia, Pennsylvania Loans

Where to Get an SBA Loan Pennsylvania