Financing for Office Furniture Manufacturing

Looking for loans for office furniture manufacturing? An SBA loan may be just what you've been looking for. This $600,000 office furniture manufacturing loan was issued by a North Carolina bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First South Bank, out of Rocky Mount, North Carolina. The loan was granted and they received $600,000 to help grow their Wade, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
WADE, NC 28395

SBA Loan Lender

FIRST SOUTH BANK
1378 BENVENUE RD
ROCKY MOUNT, NC 27804

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

8/27/2003

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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