Borrowing Money for Metal Household Furniture Manufacturing

Looking for loans for metal household furniture manufacturing? The SBA may be the answer. This $288,000 metal household furniture manufacturing loan was issued by an Arizona bank.

This small firm knew how to go about getting a business bank loan. Based in Phoenix, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was National Bank Of Arizona, based in Phoenix, Arizona.

SBA Loan Borrower

COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING
PHOENIX, AZ 85017

SBA Loan Lender

NATIONAL BANK OF ARIZONA
6001 N 24TH ST
PHOENIX, AZ 85016

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337124 - Metal Household Furniture Manufacturing

Loan Approval Date

7/28/2004

Loan Approval Gross Amount

$288,000

Loan Approval from the SBA

Of the total $288,000 loan amount, the SBA guaranteed $216,000.

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 3 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $288,000 loan. Remember, things become real when you believe you can achieve them!

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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