Home Furnishings Stores Small Business Loans
With these small business loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $15,300 was given to a Kansas entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lawrence, Kansas was able to borrow $15,300 from Douglas County Bank. The SBA made the loan possible by guaranteeing $7,650 of this Kansas small business loan.
SBA Loan Borrower
COMPANY TYPE: HOME FURNISHINGS STORES
LAWRENCE, KS 66044
SBA Loan Lender
DOUGLAS COUNTY BANK
300 W 9TH
LAWRENCE, KS 66044
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
4/20/2007
Loan Approval Gross Amount
$15,300
Loan Approval from the SBA
Of the total $15,300 loan amount, the SBA guaranteed $7,650.
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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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 Douglas County 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.
Related Links:
Getting a Small Business Loan
Good Banks for Small Business in Lawrence, Kansas
Kansas SBA Bank Lenders