Financing 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 $62,400 floor laying and floor contractors loan was issued by an Alabama bank.

This business knew how to go about getting a business bank loan. Based in Lucedale, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community Bank, based in Mobile, Alabama.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND FLOOR CONTRACTORS
LUCEDALE, MS 39452

SBA Loan Lender

COMMUNITY BANK
6808 AIRPORT BLVD
MOBILE, AL 39452

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

8/18/2006

Loan Approval Gross Amount

$62,400

Loan Approval from the SBA

Of the total $62,400 loan amount, the SBA guaranteed $53,040.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the funding would help generate 1 new job.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Financing Your Business

Find an SBA Lender in Mobile, Alabama

Alabama SBA 7A Banks