How to Get a Loan for Home Furnishings Stores

Looking for business loans for home furnishings stores? Try the SBA. This $130,000 home furnishings stores loan was issued by a Washington bank.

Getting a small business loan in Spokane, Washington was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from State Bank Northwest, operating out of Spokane, Washington. Here are the details on this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
SPOKANE, WA 99207

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGE AVE
SPOKANE, WA 99216

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Spokane 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.

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