Where to Get Capital for Home Furnishings Stores

Looking for small business loans for home furnishings stores? The SBA may be the answer. This $53,600 home furnishings stores loan was issued by an Illinois bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with National City Bank, out of Bannockburn, Illinois. The loan was granted and they received $53,600 to help grow their Lake Orion, Michigan business.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
LAKE ORION, MI 48362

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

442299 - Home Furnishings Stores

Loan Approval Date

1/9/2006

Loan Approval Gross Amount

$53,600

Loan Approval from the SBA

Of the total $53,600 loan amount, the SBA guaranteed $26,800.

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 application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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