How to Get a Loan for Furniture Stores

With these business loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $267,700 was given to an Utah entrepreneur in 2007.

This small business knew how to go about getting a business bank loan. Based in Ogden, Utah, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Of Utah, based in Ogden, Utah.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
OGDEN, UT 84401

SBA Loan Lender

BANK OF UTAH
2605 WASHINGTON BLVD
OGDEN, UT 84401

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

2/5/2007

Loan Approval Gross Amount

$267,700

Loan Approval from the SBA

Of the total $267,700 loan amount, the SBA guaranteed $200,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $267,700. How would you spend $267,700 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.

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