Upholstered Household Furniture Manufacturing Commercial Loans

Looking for commercial loans for upholstered household furniture manufacturing? An SBA loan may be just what you've been looking for. This $130,000 upholstered household furniture manufacturing loan was issued by an Illinois bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First American Bank, out of Carpentersville, Illinois. The loan was granted and they received $130,000 to help grow their Sugar Grove, Illinois business.

SBA Loan Borrower

COMPANY TYPE: UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING
SUGAR GROVE, IL 60554

SBA Loan Lender

FIRST AMERICAN BANK
261 S WESTERN AVE, SPRING HIL
CARPENTERSVILLE, IL 60110

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

11/7/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $65,000.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

We've showcased information on this loan to let you know that businesses like yours 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 Borrow Money

SBA 7A Banks in Carpentersville, Illinois

SBA Lenders in Illinois