SBA Loans for Upholstered Household Furniture Manufacturing

Looking for SBA loans for upholstered household furniture manufacturing? An SBA loan may be just what you've been looking for. This $735,000 upholstered household furniture manufacturing loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Whittier, California was able to borrow $735,000 from Fullerton Community Bank, Fsb. The SBA made the loan possible by guaranteeing $551,250 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING
WHITTIER, CA 90601

SBA Loan Lender

FULLERTON COMMUNITY BANK, FSB
200 W COMMONWEALTH AVE
FULLERTON, CA 92832

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$735,000

Loan Approval from the SBA

Of the total $735,000 loan amount, the SBA guaranteed $551,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 52 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 52 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fullerton Community Bank, Fsb and they will explain how you can get an SBA loan for your company.

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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