California Business Loan Issued to Floor Covering Stores Company
Would a California SBA loan help your business get to the next level? If so, you may want to talk with this North Carolina bank, which offers SBA loans to California entrepreneurs.
This business, based in San Francisco, California, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of America. We've got the inside scoop on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: FLOOR COVERING STORES
SAN FRANCISCO, CA 94118
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
1/30/2004
Loan Approval Gross Amount
$97,500
Loan Approval from the SBA
Of the total $97,500 loan amount, the SBA guaranteed $48,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 16 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 16 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This SBA loan was for $97,500. How would you spend $97,500 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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