Get an SBA Loan for Furniture Stores

Looking for bank loans for furniture stores? An SBA loan may be just what you've been looking for. This $60,000 furniture stores loan was issued by a New York bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Sunmark Fcu, out of Schenectady, New York. The loan was granted and they received $60,000 to help grow their Clifton Park, New York business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
CLIFTON PARK, NY 12065

SBA Loan Lender

SUNMARK FCU
ONE BROADWAY CTR, 8TH FL, 118
SCHENECTADY, NY 12110

This bank 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

442110 - Furniture Stores

Loan Approval Date

1/15/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sunmark Fcu 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.

Related Links:

Obtaining Funding - Friends and Family

SBA Banks in Schenectady, New York

New York SBA 7A Lenders