SBA Loans for Home Furnishings Stores

With these SBA loans for home furnishings stores, the SBA guarantees the lender that the loan will be repaid. This home furnishings stores loan for $385,000 was given to a South Dakota entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Watertown, South Dakota was able to borrow $385,000 from Dacotah Bank. The SBA made the loan possible by guaranteeing $288,750 of this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: HOMEFURNISHINGS STORES
WATERTOWN, SD 57201

SBA Loan Lender

DACOTAH BANK
1310 9TH AVE SE
WATERTOWN, SD 57201

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5719 - Homefurnishings Stores

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$385,000

Loan Approval from the SBA

Of the total $385,000 loan amount, the SBA guaranteed $288,750.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

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