Borrowing Money for Floor Covering Stores
Looking for small business loans for floor covering stores? Talk to a banker who works with the SBA. This $332,000 floor covering stores loan was issued by an Ohio bank.
This small firm knew how to go about getting a business bank loan. Based in La Mesa, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio.
SBA Loan Borrower
COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
LA MESA, CA 91941
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1752 - Floor Laying and Other Floor Work
NAICS Code
442210 - Floor Covering Stores
Loan Approval Date
12/19/2000
Loan Approval Gross Amount
$332,000
Loan Approval from the SBA
Of the total $332,000 loan amount, the SBA guaranteed $249,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 15 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $332,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Financing Your Business
SBA 7A Banks for Cincinnati, Ohio Loans
Getting an SBA Loan in Ohio