SBA Loans for Floor Covering Stores

Looking for SBA loans for floor covering stores? Try the SBA. This $30,000 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 2000. They applied for an SBA loan with Unitedtrust Bank, out of Phillipsburg, New Jersey. The loan was granted and they received $30,000 to help grow their Flemington, New Jersey business.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
FLEMINGTON, NJ 08822

SBA Loan Lender

UNITEDTRUST BANK
305 ROSEBERRY ST
PHILLIPSBURG, NJ 08865

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

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

SIC Code

5713 - Floor Covering Stores

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

6/27/2000

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 7 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 7 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Unitedtrust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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Small Business Banks in Phillipsburg, New Jersey

SBA Lenders in New Jersey