Furniture Stores Commercial Loans

With these commercial loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $266,250 was given to a Tennessee entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Home Federal Bank Corporation, out of Middlesborough, Kentucky. The loan was granted and they received $266,250 to help grow their Gatlinburg, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
GATLINBURG, TN 37738

SBA Loan Lender

HOME FEDERAL BANK CORPORATION
1602 CUMBERLAND AVE
MIDDLESBOROUGH, KY 40965

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.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$266,250

Loan Approval from the SBA

Of the total $266,250 loan amount, the SBA guaranteed $199,688.

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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

This SBA loan was for $266,250. How would you spend $266,250 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.

Related Links:

Dealing With Venture Capitalists

SBA Banks in Middlesborough, Kentucky

SBA Participating Banks in Kentucky