Get an SBA Loan for Carpet and Rug Mills

With these small business loans for carpet and rug mills, the SBA guarantees the lender that the loan will be repaid. This carpet and rug mills loan for $278,000 was given to a Virginia entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Reston, Virginia was able to borrow $278,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $208,500 of this Virginia small business loan.

SBA Loan Borrower

COMPANY TYPE: CARPET AND RUG MILLS
RESTON, VA 20190

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314110 - Carpet and Rug Mills

Loan Approval Date

8/15/2006

Loan Approval Gross Amount

$278,000

Loan Approval from the SBA

Of the total $278,000 loan amount, the SBA guaranteed $208,500.

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 loan would help generate 7 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Reston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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