Furniture Stores Loans

With these loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $607,500 was given to a California entrepreneur in 2002.

Getting a small business loan in Pomona, California was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Pacific Western Bank, operating out of Covina, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
POMONA, CA 91767

SBA Loan Lender

PACIFIC WESTERN BANK
728 S CITRUS AVE
COVINA, CA 91723

This debt financing was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

9/4/2002

Loan Approval Gross Amount

$607,500

Loan Approval from the SBA

Of the total $607,500 loan amount, the SBA guaranteed $455,625.

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 5 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pacific Western Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Business Incubators

Small Business Banks in Covina, California

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