Financing for Nonupholstered Wood Household Furniture Manufacturing

Looking for commercial loans for nonupholstered wood household furniture manufacturing? The SBA may be the answer. This $316,800 nonupholstered wood household furniture manufacturing loan was issued by a Louisiana bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Central Progressive Bank, out of Lacombe, Louisiana. The loan was granted and they received $316,800 to help grow their Hammond, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
HAMMOND, LA 70401

SBA Loan Lender

CENTRAL PROGRESSIVE BANK
29092 KRENTEL RD
LACOMBE, LA 70445

When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

10/4/2001

Loan Approval Gross Amount

$316,800

Loan Approval from the SBA

Of the total $316,800 loan amount, the SBA guaranteed $237,600.

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 5 employees. The loan application did not indicate that the business 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?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Central Progressive Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Equity Financing

Best Banks for Small Business in Lacombe, Louisiana

Louisiana SBA Bank Lenders