Office Furniture Manufacturing Business Loans

Looking for business loans for office furniture manufacturing? An SBA loan may be just what you've been looking for. This $55,000 office furniture manufacturing loan was issued by an Indiana bank.

This small business knew how to go about getting a business bank loan. Based in Columbia City, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Tower Bank & Trust Company, based in Fort Wayne, Indiana.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE
COLUMBIA CITY, IN 46725

SBA Loan Lender

TOWER BANK & TRUST COMPANY
116 E BERRY ST
FORT WAYNE, IN 46802

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2522 - Office Furniture

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

8/9/2002

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find business people willing to loan money, 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.

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Small Business Banks in Fort Wayne, Indiana

SBA Lenders in Indiana