Getting an SBA Loan for Wood Office Furniture Manufacturing

With these commercial loans for wood office furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This wood office furniture manufacturing loan for $59,100 was given to a California entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in El Cajon, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Security Business Bank - San Diego, based in San Diego, California.

SBA Loan Borrower

COMPANY TYPE: WOOD OFFICE FURNITURE MANUFACTURING
EL CAJON, CA 92020

SBA Loan Lender

SECURITY BUSINESS BANK - SAN DIEGO
701 B ST, STE 100
SAN DIEGO, CA 92101

This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337211 - Wood Office Furniture Manufacturing

Loan Approval Date

11/29/2004

Loan Approval Gross Amount

$59,100

Loan Approval from the SBA

Of the total $59,100 loan amount, the SBA guaranteed $50,235.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Accountant's Role in Securing Financing

Small Business Banks in San Diego, California

Where to Get an SBA Loan California