Get an SBA Loan for Nonupholstered Wood Household Furniture Manufacturing

Looking for bank loans for nonupholstered wood household furniture manufacturing? An SBA loan may be just what you've been looking for. This $216,000 nonupholstered wood household furniture manufacturing loan was issued by an Illinois bank.

Getting a small business loan in Waterloo, Illinois was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Waterloo, operating out of Columbia, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
WATERLOO, IL 62298

SBA Loan Lender

FIRST NATIONAL BANK - WATERLOO
1421 N MAIN
COLUMBIA, IL 62236

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

11/4/2003

Loan Approval Gross Amount

$216,000

Loan Approval from the SBA

Of the total $216,000 loan amount, the SBA guaranteed $162,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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.

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