Getting an SBA Loan for Home Furnishings Stores

Looking for business loans for home furnishings stores? The SBA may be the answer. This $101,000 home furnishings stores loan was issued by a Michigan bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Century Bank And Trust, out of Coldwater, Michigan. The loan was granted and they received $101,000 to help grow their Quincy, Michigan business.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
QUINCY, MI 49082

SBA Loan Lender

CENTURY BANK AND TRUST
100 W CHICAGO ST
COLDWATER, MI 49036

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

9/12/2006

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $50,500.

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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Quincy or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Small Business Banks in Coldwater, Michigan

SBA Participating Banks in Michigan