Financing for Furniture Stores

With these loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $50,000 was given to an Alaska entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sitka, Alaska was able to borrow $50,000 from Alaska Pacific Bank. The SBA made the loan possible by guaranteeing $25,000 of this Alaska small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
SITKA, AK 99835

SBA Loan Lender

ALASKA PACIFIC BANK
2094 JORDAN AVE
JUNEAU, AK 99801

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

442110 - Furniture Stores

Loan Approval Date

4/20/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 5 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

Obtaining Funding - How to Decide How Much to Raise

Good Banks for Small Business in Juneau, Alaska

Where to Get an SBA Loan Alaska