Financing for Furniture Stores

Looking for loans for furniture stores? An SBA loan may be just what you've been looking for. This $1,342,800 furniture stores loan was issued by a California bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Pacific Western Bank, out of San Diego, California. The loan was granted and they received $1,342,800 to help grow their Phoenix, Arizona business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
PHOENIX, AZ 85035

SBA Loan Lender

PACIFIC WESTERN BANK
401 WEST A ST
SAN DIEGO, CA 92102

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

11/9/2006

Loan Approval Gross Amount

$1,342,800

Loan Approval from the SBA

Of the total $1,342,800 loan amount, the SBA guaranteed $1,007,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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