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May 9, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Mattresses, Foundations, And Convertible Beds Loan | ||||
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New Albany, Indiana Bank Loan
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Raising Money for Mattress ManufacturingLooking for business loans for mattress manufacturing? Try the SBA. This $500,000 mattress manufacturing loan was issued by a Missouri bank. Getting a small business loan in New Albany, Indiana was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Ge Cap. Small Business Finan Corp, operating out of St. Louis, Missouri. Here are the details on this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: MATTRESSES, FOUNDATIONS, AND CONVERTIBLE BEDS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2515 - Mattresses, Foundations, and Convertible Beds NAICS Code 337910 - Mattress Manufacturing Loan Approval Date 6/6/2000 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 70 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Family and Friend Investors - Your First Financiers Where to Get an SBA Loan in St. Louis, Missouri
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