Loan to Buy Floor Covering International Franchise Issued By Edward Jones Trust Company

Borrowing 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
COLUMBIA, MO 65202

SBA Loan Lender

EDWARD JONES TRUST COMPANY
12555 MANCHESTER RD
SAINT LOUIS, MO 63131

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:

Floor Coverings International

Debt Financing

SBA 7A Banks for Saint Louis, Missouri Loans

Missouri SBA 7A Lenders