Getting an SBA Loan for Floor Laying and Floor Contractors

Looking for commercial loans for floor laying and floor contractors? Talk to a banker who works with the SBA. This $260,000 floor laying and floor contractors loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Alliance Bank, out of Culver City, California. The loan was granted and they received $260,000 to help grow their Lake Elsinore, California business.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND FLOOR CONTRACTORS
LAKE ELSINORE, CA 92530

SBA Loan Lender

ALLIANCE BANK
100 CORPORATE POINTE
CULVER CITY, CA 90230

This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

4/10/2002

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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 30 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

The Friends and Family Network

Where to Get an SBA Loan in Culver City, California

Find an SBA Lender in California