Furniture Stores Commercial Loans

Looking for commercial loans for furniture stores? The SBA may be the answer. This $368,700 furniture stores loan was issued by a Michigan bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Comerica Bank, out of Auburn Hills, Michigan. The loan was granted and they received $368,700 to help grow their Overland Park, Kansas business.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
OVERLAND PARK, KS 66213

SBA Loan Lender

COMERICA BANK
3501 HAMLIN RD, STE 1
AUBURN HILLS, MI 48326

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, 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.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$368,700

Loan Approval from the SBA

Of the total $368,700 loan amount, the SBA guaranteed $276,525.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Overland Park KS, you ought to talk with a local Overland Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Overland Park businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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