Getting an SBA Loan for Furniture Merchant Wholesalers

Looking for business loans for furniture merchant wholesalers? An SBA loan may be just what you've been looking for. This $20,000 furniture merchant wholesalers loan was issued by an Utah bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Tooele Fcu, out of Tooele, Utah. The loan was granted and they received $20,000 to help grow their Grantsville, Utah business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE MERCHANT WHOLESALERS
GRANTSVILLE, UT 84029

SBA Loan Lender

TOOELE FCU
562 N MAIN ST
TOOELE, UT 84074

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

423210 - Furniture Merchant Wholesalers

Loan Approval Date

5/5/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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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