Business Loans for Carpet and Rug Mills

Looking for business loans for carpet and rug mills? An SBA loan may be just what you've been looking for. This $45,000 carpet and rug mills loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yorkshire, New York was able to borrow $45,000 from The Bank Of Castile. The SBA made the loan possible by guaranteeing $38,250 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: CARPETS AND RUGS
YORKSHIRE, NY 14173

SBA Loan Lender

THE BANK OF CASTILE
133 N CENTER ST
PERRY, NY 14530

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2273 - Carpets and Rugs

NAICS Code

314110 - Carpet and Rug Mills

Loan Approval Date

1/11/2002

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Bank Of Castile 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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