Furniture Stores Loans

Looking for loans for furniture stores? Try the SBA. This $73,750 furniture stores loan was issued by a New York bank.

This company knew how to go about getting a business bank loan. Based in Clinton, New York, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Nbt Bank, National Association, based in Clinton, New York.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
CLINTON, NY 13323

SBA Loan Lender

NBT BANK, NATIONAL ASSOCIATION
1 KIRKLAND AVE
CLINTON, NY 13323

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

5/15/2002

Loan Approval Gross Amount

$73,750

Loan Approval from the SBA

Of the total $73,750 loan amount, the SBA guaranteed $62,687.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $73,750. How would you spend $73,750 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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