Furniture Stores SBA Loans

With these SBA loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $624,800 was given to a Hawaii entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Honolulu, Hawaii was able to borrow $624,800 from Comerica Bank. The SBA made the loan possible by guaranteeing $468,600 of this Hawaii small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
Honolulu, HI 96817

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

3/8/2007

Loan Approval Gross Amount

$624,800

Loan Approval from the SBA

Of the total $624,800 loan amount, the SBA guaranteed $468,600.

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 loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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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