How to Get a Loan for Furniture Stores
With these business loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $30,000 was given to a Pennsylvania entrepreneur in 2000.
This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Commonwealth Bank, out of Pittsburgh, Pennsylvania. The loan was granted and they received $30,000 to help grow their Pittsburgh, Pennsylvania business.
SBA Loan Borrower
COMPANY TYPE: FURNITURE
PITTSBURGH, PA 15236
SBA Loan Lender
FIRST COMMONWEALTH BANK
4750 CLAIRTON BLVD
PITTSBURGH, PA 15236
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
5021 - Furniture
442110 - Furniture Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $24,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
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 $30,000 loan. Remember, fight for what you want, and it will be yours!
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.
Raising VC Money for Social Networking Companies
SBA 7A Banks for Pittsburgh, Pennsylvania Loans
SBA Pennsylvania Lenders