How to Get a Loan for Home Furnishing Wholesalers

Looking for business loans for home furnishing wholesalers? Try the SBA. This $54,000 home furnishing wholesalers loan was issued by an Alabama bank.

This small business knew how to go about getting a business bank loan. Based in Dothan, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Colonial Bank, based in Montgomery, Alabama.

SBA Loan Borrower

COMPANY TYPE: HOMEFURNISHINGS
DOTHAN, AL 36303

SBA Loan Lender

COLONIAL BANK
100 COLONIAL BANK BLVD
MONTGOMERY, AL 36117

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

5023 - Homefurnishings

NAICS Code

421220 - Home Furnishing Wholesalers

Loan Approval Date

7/19/2001

Loan Approval Gross Amount

$54,000

Loan Approval from the SBA

Of the total $54,000 loan amount, the SBA guaranteed $45,900.

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 only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Dothan AL, you ought to talk with a local Dothan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dothan businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Investor Turnoffs

SBA Participating Banks in Montgomery, Alabama

Getting an SBA Loan in Alabama