Borrowing Money for Home Furnishing Merchant Wholesalers
Looking for loans for home furnishing merchant wholesalers? The SBA may be the answer. This $35,000 home furnishing merchant wholesalers loan was issued by an Utah bank.
This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Tooele Fcu, out of Tooele, Utah. The loan was granted and they received $35,000 to help grow their West Jordan, Utah business.
SBA Loan Borrower
COMPANY TYPE: HOME FURNISHING MERCHANT WHOLESALERS
WEST JORDAN, UT 84088
SBA Loan Lender
TOOELE FCU
562 N MAIN ST
TOOELE, UT 84074
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
423220 - Home Furnishing Merchant Wholesalers
Loan Approval Date
4/19/2005
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
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. This SBA loan request indicated that the loan would help retain 5 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
SBIR Funding
SBA Banks in Tooele, Utah
Find an SBA Lender in Utah