Small Business Loans for Mattress Manufacturing

With these small business loans for mattress manufacturing, the SBA guarantees the lender that the loan will be repaid. This mattress manufacturing loan for $61,200 was given to an Alabama entrepreneur in 2002.

Getting a small business loan in Montgomery, Alabama was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Sterling Bank, operating out of Prattville, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: MATTRESSES, FOUNDATIONS, AND CONVERTIBLE BEDS
MONTGOMERY, AL 36108

SBA Loan Lender

STERLING BANK
2005 COBBS FORD RD
PRATTVILLE, AL 36066

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

2515 - Mattresses, Foundations, and Convertible Beds

NAICS Code

337910 - Mattress Manufacturing

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$61,200

Loan Approval from the SBA

Of the total $61,200 loan amount, the SBA guaranteed $52,020.

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 25 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

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

If you are interested in getting money to start a business or need money to grow a 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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