Borrowing Money for Furniture Merchant Wholesalers
Looking for loans for furniture merchant wholesalers? Talk to a banker who works with the SBA. This $250,000 furniture merchant wholesalers 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 Greater Bay Bank, out of Palo Alto, California. The loan was granted and they received $250,000 to help grow their San Francisco, California business.
SBA Loan Borrower
COMPANY TYPE: FURNITURE MERCHANT WHOLESALERS
SAN FRANCISCO, CA 94103
SBA Loan Lender
GREATER BAY BANK
420 COWPER ST
PALO ALTO, CA 94301
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
423210 - Furniture Merchant Wholesalers
Loan Approval Date
9/22/2006
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We can help you find the best banks for small businesses in San Francisco 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:
How to Raise Money
SBA 7A Banks in Palo Alto, California
Getting an SBA Loan in California