Furniture Stores Small Business Loans

Looking for small business loans for furniture stores? Talk to a banker who works with the SBA. This $150,000 furniture stores loan was issued by a Minnesota bank.

This small firm received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Gateway Bank, out of Mendota Heights, Minnesota. The loan was granted and they received $150,000 to help grow their Kitty Hawk, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
KITTY HAWK, NC 27949

SBA Loan Lender

GATEWAY BANK
745 MARKET ST
MENDOTA HEIGHTS, MN 55118

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

442110 - Furniture Stores

Loan Approval Date

2/1/2008

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Borrowing Money from Friends and Family

SBA Banks in Mendota Heights, Minnesota

Minnesota SBA 7A Banks