Getting an SBA Loan for Furniture Stores

With these SBA loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $135,000 was given to an Alabama entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Gadsden, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Exchange Bank Of Alabama, based in Gadsden, Alabama.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
GADSDEN, AL 35901

SBA Loan Lender

THE EXCHANGE BANK OF ALABAMA
230 N 3RD ST
GADSDEN, AL 35901

This lender issued this particular loan 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

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 only one employee. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $135,000. How would you spend $135,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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