Floor Covering Stores SBA Loans

Looking for SBA loans for floor covering stores? The SBA may be the answer. This $1,355,000 floor covering stores loan was issued by a New Jersey bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $1,355,000 to help grow their Chehalis, Washington business.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
CHEHALIS, WA 98532

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

6/9/2006

Loan Approval Gross Amount

$1,355,000

Loan Approval from the SBA

Of the total $1,355,000 loan amount, the SBA guaranteed $1,016,250.

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 17 employees. The SBA loan documents indicated that the borrowed money would help create 17 new jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Chehalis WA, you ought to talk with a local Chehalis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chehalis 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 Cit Small Business Lending Corp 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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