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January 16, 2022  
 
 
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Loan Census SBA Loan Info

Furniture Stores SBA Loans

Looking for SBA loans for furniture stores? The SBA may be the answer. This $145,000 furniture stores loan was issued by a Florida bank.

This business knew how to go about getting a business bank loan. Based in Port Charlotte, Florida, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Regions Bank, based in Miami, Florida.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
PORT CHARLOTTE, FL 33952

SBA Loan Lender

REGIONS BANK
6193 SW 72TH ST
MIAMI, FL 33143

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

10/19/2004

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Regions Bank and they will explain how you can get an SBA loan for your company.

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:

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SBA Participating Banks in Miami, Florida

SBA Florida Lenders