Schuyler Falls, NY Entrepreneur Gets SBA Loan to Buy Carpet Network Franchise

Need money to invest in a Carpet Network franchise? Champlain National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Carpet Network franchise is doable. In 2000, Champlain National Bank issued an SBA franchise loan to an entrepreneur in Schuyler Falls, New York. Because Carpet Network was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

CARPET NETWORK
SCHUYLER FALLS, NY 12985

SBA Loan Lender

CHAMPLAIN NATIONAL BANK
32 CORNELIA ST
PLATTSBURGH, NY 12901

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7217 - Carpet and Upholstery Cleaning

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

2/25/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Carpet Network franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Champlain National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Carpet Network

A Company That Helps Entrepreneurs

SBA 7A Lenders in Plattsburgh, New York

Where to Get an SBA Loan New York