Raising Money for Office Furniture Manufacturing

With these business loans for office furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This office furniture manufacturing loan for $500,000 was given to a Florida entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Ocala, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Independent National Bank, based in Ocala, Florida.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
OCALA, FL 34474

SBA Loan Lender

INDEPENDENT NATIONAL BANK
60 SW 17TH ST
OCALA, FL 34474

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

10/31/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 15 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Ocala or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Angel Investors

SBA Approved Banks in Ocala, Florida

Florida SBA Banks