Financing for Furniture Stores
Looking for commercial loans for furniture stores? Try the SBA. This $150,000 furniture stores loan was issued by an Alabama bank.
This small business knew how to go about getting a business bank loan. Based in Pelham, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was M & F Bank, based in Birmingham, Alabama.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
PELHAM, AL 35124
SBA Loan Lender
M & F BANK
107 INVERNESS CORNERS
BIRMINGHAM, AL 35242
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5712 - Furniture Stores
NAICS Code
442110 - Furniture Stores
Loan Approval Date
3/28/2000
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $112,500.
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 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
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 M & F 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.
Related Links:
Financing Your Business
Where to Get an SBA Loan in Birmingham, Alabama
SBA Lenders in Alabama