SBA Loans 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 $328,000 was given to a Minnesota entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Stillwater, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Kleinbank, based in Burnsville, Minnesota.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
STILLWATER, MN 55082

SBA Loan Lender

KLEINBANK
3000 COUNTY RD 42 WEST
BURNSVILLE, MN 55337

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

3/19/2007

Loan Approval Gross Amount

$328,000

Loan Approval from the SBA

Of the total $328,000 loan amount, the SBA guaranteed $246,000.

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 18 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Stillwater MN, you ought to talk with a local Stillwater SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stillwater businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 Borrow Money

Small Business Banks in Burnsville, Minnesota

Minnesota SBA 7A Lenders