How to Get a Loan for Institutional Furniture Manufacturing

With these business loans for institutional furniture manufacturing, the SBA guarantees the lender that the loan will be repaid. This institutional furniture manufacturing loan for $62,200 was given to an Arkansas entrepreneur in 2004.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Anb Finan, out of Fayetteville, Arkansas. The loan was granted and they received $62,200 to help grow their Van Buren, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: INSTITUTIONAL FURNITURE MANUFACTURING
VAN BUREN, AR 72956

SBA Loan Lender

ANB FINAN
3430 W WEDINGTON DR
FAYETTEVILLE, AR 72703

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337127 - Institutional Furniture Manufacturing

Loan Approval Date

6/29/2004

Loan Approval Gross Amount

$62,200

Loan Approval from the SBA

Of the total $62,200 loan amount, the SBA guaranteed $52,870.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Anb Finan are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Equity Financing

Small Business Banks in Fayetteville, Arkansas

Arkansas SBA Banks