Borrowing Money for Home Furnishings Stores

With these small business loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $8,000 was given to an Illinois entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Grafton, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Liberty Bank, based in Alton, Illinois.

SBA Loan Borrower

COMPANY TYPE: HOMEFURNISHINGS STORES
GRAFTON, IL 62037

SBA Loan Lender

LIBERTY BANK
2403 HOMER ADAMS PKWY
ALTON, IL 62002

This lender issued this particular bank 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

5719 - Homefurnishings Stores

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

9/19/2001

Loan Approval Gross Amount

$8,000

Loan Approval from the SBA

Of the total $8,000 loan amount, the SBA guaranteed $6,800.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Grafton IL, you ought to talk with a local Grafton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grafton businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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