Loan to Buy Nationwide Floor & Window Coverings Franchise Issued By Community Bank Vernon Center

Borrowing money to purchase a Nationwide Floor & Window Coverings franchise? Community Bank Vernon Center has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Nationwide Floor & Window Coverings franchise shouldn't be overly burdensome. In 2006, Community Bank Vernon Center issued an SBA franchise loan to an entrepreneur in Mankato, Minnesota. Because Nationwide Floor & Window Coverings was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis.

SBA Loan Borrower

NATIONWIDE FLOOR & WINDOW
MANKATO, MN 56001

SBA Loan Lender

COMMUNITY BANK VERNON CENTER
201 E MAIN ST
VERNON CENTER, MN 56090

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

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

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

4/14/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nationwide Floor & Window Coverings franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Vernon Center 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:

Nationwide Floor & Window Coverings

Obtaining Funding - Friends and Family

Good Banks for Small Business in Vernon Center, Minnesota

SBA Participating Banks in Minnesota