Get an SBA Loan for Office Furniture Manufacturing

Looking for loans for office furniture manufacturing? An SBA loan may be just what you've been looking for. This $1,830,000 office furniture manufacturing loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eagan, Minnesota was able to borrow $1,830,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $1,372,500 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
EAGAN, MN 55121

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

1/17/2007

Loan Approval Gross Amount

$1,830,000

Loan Approval from the SBA

Of the total $1,830,000 loan amount, the SBA guaranteed $1,372,500.

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 16 employees. The SBA loan documents indicated that the funding would help create 16 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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.

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