Raising Money for Nonupholstered Wood Household Furniture Manufacturing

Looking for bank loans for nonupholstered wood household furniture manufacturing? Talk to a banker who works with the SBA. This $100,000 nonupholstered wood household furniture manufacturing loan was issued by an Utah bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orem, Utah was able to borrow $100,000 from Capital Community Bank. The SBA made the loan possible by guaranteeing $85,000 of this Utah small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD KITCHEN CABINETS
OREM, UT 84058

SBA Loan Lender

CAPITAL COMMUNITY BANK
1909 W STATE ST
PLEASANT GROVE, UT 84062

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2434 - Wood Kitchen Cabinets

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

7/17/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Capital Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Capital Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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SBA Utah Banks