Financing for Furniture Stores

With these commercial loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $100,000 was given to a Louisiana entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Harvey, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Source Business & Indust Devel Cor, based in Baton Rouge, Louisiana.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
HARVEY, LA 70006

SBA Loan Lender

SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

6/9/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Harvey LA, you ought to talk with a local Harvey SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harvey businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Source Business & Indust Devel Cor that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Incubators

SBA 7A Lenders in Baton Rouge, Louisiana

SBA Louisiana Lenders