Borrowing Money for Institutional Furniture Manufacturing

Looking for loans for institutional furniture manufacturing? Try the SBA. This $495,000 institutional furniture manufacturing loan was issued by a Kentucky bank.

This small firm knew how to go about getting a business bank loan. Based in Glasgow, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was South Cent. Bank - Barren County, based in Glasgow, Kentucky.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
GLASGOW, KY 42141

SBA Loan Lender

SOUTH CENT. BANK - BARREN COUNTY
208 S BROADWAY
GLASGOW, KY 42141

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

337127 - Institutional Furniture Manufacturing

Loan Approval Date

6/21/2001

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $371,250.

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 20 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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SBA 7A Lenders in Glasgow, Kentucky

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