Bank Loans for Furniture Stores

With these bank loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $73,500 was given to a Florida entrepreneur in 2006.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Vanguard Bank & Trust Company, out of Valparaiso, Florida. The loan was granted and they received $73,500 to help grow their Valpraiso, Florida business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
Valpraiso, FL 32580

SBA Loan Lender

VANGUARD BANK & TRUST COMPANY
23 S JOHN SIMS PKWY
VALPARAISO, FL 32580

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

5/10/2006

Loan Approval Gross Amount

$73,500

Loan Approval from the SBA

Of the total $73,500 loan amount, the SBA guaranteed $62,475.

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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Realistic Debt Financing Options

SBA Participating Banks in Valparaiso, Florida

SBA Florida Lenders