Financing for Resilient Floor Covering Manufacturing

With these loans for resilient floor covering manufacturing, the SBA guarantees the lender that the loan will be repaid. This resilient floor covering manufacturing loan for $50,600 was given to a Wisconsin entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Pleasant Prairie, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Jpmorgan Chase Bank, based in Houston, Texas.

SBA Loan Borrower

COMPANY TYPE: RESILIENT FLOOR COVERING MANUFACTURING
PLEASANT PRAIRIE, WI 53158

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326192 - Resilient Floor Covering Manufacturing

Loan Approval Date

2/8/2006

Loan Approval Gross Amount

$50,600

Loan Approval from the SBA

Of the total $50,600 loan amount, the SBA guaranteed $43,010.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs.

Next Steps for Getting an SBA Loan

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.

This SBA loan was for $50,600. How would you spend $50,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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