How to Get a Loan for Home Furnishings Stores

With these SBA loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $258,000 was given to a California entrepreneur in 2004.

Getting a small business loan in Santa Cruz, California was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank, operating out of Dallas, Texas. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
SANTA CRUZ, CA 95062

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

442299 - Home Furnishings Stores

Loan Approval Date

4/26/2004

Loan Approval Gross Amount

$258,000

Loan Approval from the SBA

Of the total $258,000 loan amount, the SBA guaranteed $193,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Santa Cruz CA, you ought to talk with a local Santa Cruz SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Santa Cruz businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Comerica Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Comerica Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Incubators

Small Bank Loans in Dallas, Texas

SBA Lenders in Texas