Borrowing Money for Home Furnishings Stores

Looking for loans for home furnishings stores? The SBA may be the answer. This $239,183 home furnishings stores loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Chestatee State Bank, out of Dawsonville, Georgia. The loan was granted and they received $239,183 to help grow their Dawsonville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
DAWSONVILLE, GA 30534

SBA Loan Lender

CHESTATEE STATE BANK
6639 HWY 53 EAST
DAWSONVILLE, GA 30534

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$239,183

Loan Approval from the SBA

Of the total $239,183 loan amount, the SBA guaranteed $179,387.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $239,183 loan. Remember, where there is a will, there is a way!

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:

Direct Public Offerings

Good Banks for Small Business in Dawsonville, Georgia

Georgia SBA 7A Banks