Getting an SBA Loan for Floor Covering Stores

Looking for business loans for floor covering stores? An SBA loan may be just what you've been looking for. This $180,000 floor covering stores loan was issued by a Kentucky bank.

This business knew how to go about getting a business bank loan. Based in Shepherdsville, Kentucky, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Republic Bank & Trust Company, based in Louisville, Kentucky.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
SHEPHERDSVILLE, KY 40165

SBA Loan Lender

REPUBLIC BANK & TRUST COMPANY
661 S HURSTBOURNE PKWY
LOUISVILLE, KY 40222

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

1/28/2004

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 37 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Republic Bank & Trust Company 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.

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