Commercial Loans for Furniture Stores

Looking for commercial loans for furniture stores? The SBA may be the answer. This $25,750 furniture stores loan was issued by a Colorado bank.

This small business knew how to go about getting a business bank loan. Based in Crested Butte, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Gunnison Bank & Trust, based in Crested Butte, Colorado.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
CRESTED BUTTE, CO 81224

SBA Loan Lender

GUNNISON BANK & TRUST
116 6TH ST
CRESTED BUTTE, CO 81224

This business 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.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

6/28/2007

Loan Approval Gross Amount

$25,750

Loan Approval from the SBA

Of the total $25,750 loan amount, the SBA guaranteed $21,887.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $25,750 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:

Debt Financing

SBA Approved Banks in Crested Butte, Colorado

SBA Colorado Lenders