How to Get a Loan for Flooring Contractors

With these business loans for flooring contractors, the SBA guarantees the lender that the loan will be repaid. This flooring contractors loan for $20,000 was given to a Virginia entrepreneur in 2006.

This small business knew how to go about getting a business bank loan. Based in King George, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Second Bank & Trust, based in Fredericksburg, Virginia.

SBA Loan Borrower

COMPANY TYPE: FLOORING CONTRACTORS
KING GEORGE, VA 22485

SBA Loan Lender

SECOND BANK & TRUST
4805 LASSEN LN
FREDERICKSBURG, VA 22408

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

4/5/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in King George VA, you ought to talk with a local King George SBA lender or talk with an out-of-area SBA lender that has previously loaned money to King George businesses.

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 Second Bank & Trust 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.

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SBA Approved Banks in Fredericksburg, Virginia

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