Where to Get Capital for Furniture Wholesalers

Looking for small business loans for furniture wholesalers? Talk to a banker who works with the SBA. This $400,000 furniture wholesalers loan was issued by an Indiana bank.

Getting a small business loan in Columbia City, Indiana was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Star Financial Bank, operating out of Columbia City, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE
COLUMBIA CITY, IN 46725

SBA Loan Lender

STAR FINANCIAL BANK
102 W VAN BUREN ST
COLUMBIA CITY, IN 46725

This commercial 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

5021 - Furniture

NAICS Code

421210 - Furniture Wholesalers

Loan Approval Date

1/11/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Columbia City IN, you ought to talk with a local Columbia City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Columbia City businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Angel Investors

Where to Get an SBA Loan in Columbia City, Indiana

SBA Lenders in Indiana