Business Loans for Furniture Stores

Looking for business loans for furniture stores? Talk to a banker who works with the SBA. This $50,000 furniture stores loan was issued by an Oklahoma bank.

This business knew how to go about getting a business bank loan. Based in Mangum, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Great Plains National Bank, based in Elk City, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
MANGUM, OK 73544

SBA Loan Lender

GREAT PLAINS NATIONAL BANK
2017 W THIRD
ELK CITY, OK 73644

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

2/16/2006

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

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

If you are working on finding money to start a business in Mangum OK, you ought to talk with a local Mangum SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mangum businesses.

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.

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