Furniture Stores Small Business Loans

Looking for small business loans for furniture stores? An SBA loan may be just what you've been looking for. This $72,200 furniture stores loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marion, Indiana was able to borrow $72,200 from Old National Bank. The SBA made the loan possible by guaranteeing $57,760 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
MARION, IN 46953

SBA Loan Lender

OLD NATIONAL BANK
100 S WASHINGTON
MARION, IN 46952

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

3/9/2000

Loan Approval Gross Amount

$72,200

Loan Approval from the SBA

Of the total $72,200 loan amount, the SBA guaranteed $57,760.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $72,200. How would you spend $72,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

SBA Approved Banks in Marion, Indiana

Indiana SBA 7A Banks