SBA Loans for Furniture Merchant Wholesalers

Looking for SBA loans for furniture merchant wholesalers? An SBA loan may be just what you've been looking for. This $1,081,000 furniture merchant wholesalers loan was issued by a Georgia bank.

This business knew how to go about getting a business bank loan. Based in Louisville, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First Chatham Bank, based in Savannah, Georgia.

SBA Loan Borrower

COMPANY TYPE: FURNITURE MERCHANT WHOLESALERS
LOUISVILLE, KY 40241

SBA Loan Lender

FIRST CHATHAM BANK
111 BARNARD ST
SAVANNAH, GA 31401

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423210 - Furniture Merchant Wholesalers

Loan Approval Date

3/14/2007

Loan Approval Gross Amount

$1,081,000

Loan Approval from the SBA

Of the total $1,081,000 loan amount, the SBA guaranteed $810,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Cash Advances

Best Banks for Small Business in Savannah, Georgia

Getting a Business Loan in Georgia