Borrow Money to Buy a Nationwide Floor & Window Coverings Franchise

Borrowing money to purchase a Nationwide Floor & Window Coverings franchise? Star Business & Indust Devel has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nationwide Floor & Window Coverings franchise? If so, here's a 2005 SBA franchise loan that you should know about. Star Business & Indust Devel was the lender and the entrepreneur was based in Newport News, Virginia.

SBA Loan Borrower

WILTROSE COMPANY
NEWPORT NEWS, VA 23606

SBA Loan Lender

STAR BUSINESS & INDUST DEVEL
2320 HAVERFORD AVENUE, SUITE
ARDMORE, PA 19003

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

3/17/2005

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nationwide Floor & Window Coverings franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Star Business & Indust Devel 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

Strategic Investors

Find an SBA Lender in Ardmore, Pennsylvania

Getting an SBA Loan in Pennsylvania