Furniture Stores Commercial Loans

Looking for commercial loans for furniture stores? Talk to a banker who works with the SBA. This $165,000 furniture stores loan was issued by an Indiana bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Old National Bank, out of Terre Haute, Indiana. The loan was granted and they received $165,000 to help grow their Oblong, Illinois business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
OBLONG, IL 62449

SBA Loan Lender

OLD NATIONAL BANK
701 WABASH AVE
TERRE HAUTE, IN 47808

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

1/25/2007

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 4 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 Old National 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.

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