Where to Get Capital for Office Furniture Manufacturing
Looking for small business loans for office furniture manufacturing? Talk to a banker who works with the SBA. This $1,335,000 office furniture manufacturing loan was issued by a Pennsylvania bank.
This company knew how to go about getting a business bank loan. Based in Easton, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was National Penn Bank, based in Boyertown, Pennsylvania.
SBA Loan Borrower
COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
EASTON, PA 18040
SBA Loan Lender
NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
337214 - Office Furniture Manufacturing
Loan Approval Date
7/3/2003
Loan Approval Gross Amount
$1,335,000
Loan Approval from the SBA
Of the total $1,335,000 loan amount, the SBA guaranteed $999,995.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 75 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,335,000 loan. Remember, where there is a will, there is a way!
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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