Floor Laying and Floor Contractors SBA Loans

With these SBA loans for floor laying and floor contractors, the SBA guarantees the lender that the loan will be repaid. This floor laying and floor contractors loan for $173,116 was given to a Missouri entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Cameron, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Horizon State Bank, based in Cameron, Missouri.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
CAMERON, MO 64429

SBA Loan Lender

HORIZON STATE BANK
814 N WALNUT
CAMERON, MO 64429

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1752 - Floor Laying and Other Floor Work

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$173,116

Loan Approval from the SBA

Of the total $173,116 loan amount, the SBA guaranteed $129,837.

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 13 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Horizon State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Horizon State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Direct Public Offerings

Small Business Banks in Cameron, Missouri

SBA Missouri Banks