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May 3, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Edward Jones Trust Company Saint Louis Business Loans > Floor Coverings International Loan | ||||
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I Need a Business Loan to Buy a Franchise in Columbia, Missouri
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Loan to Buy Floor Covering International Franchise Issued By Edward Jones Trust CompanyBorrowing money to buy a Floor Covering International franchise? Edward Jones Trust Company has a history of making these loans and they are guaranteed by the SBA. Floor Covering International franchise loans are available to Columbia, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Edward Jones Trust Company, based in Saint Louis, Missouri, issued an SBA franchise loan for a Floor Covering International franchise in 2001. We've got all the details on this Missouri small business loan. SBA Loan Borrower FLOOR COVERINGS INTERNATIONAL SBA Loan Lender EDWARD JONES TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 7/20/2001 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Floor Covering International franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks for Saint Louis, Missouri Loans
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