Financing for Upholstered Household Furniture Manufacturing

Looking for commercial loans for upholstered household furniture manufacturing? Try the SBA. This $50,400 upholstered household furniture manufacturing loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Goshen, Indiana was able to borrow $50,400 from 1st Source Bank. The SBA made the loan possible by guaranteeing $42,840 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
GOSHEN, IN 46526

SBA Loan Lender

1ST SOURCE BANK
101 S MAIN ST
GOSHEN, IN 46526

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

4/19/2002

Loan Approval Gross Amount

$50,400

Loan Approval from the SBA

Of the total $50,400 loan amount, the SBA guaranteed $42,840.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned 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?

If you want money for new small business in Goshen IN, you ought to talk with a local Goshen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Goshen businesses.

While you may be able to find other ways to get money to start a business, 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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