Landry & Arcari Oriental Rugs and Carpeting, Inc.
Landry & Arcari Oriental Rugs and Carpeting, Inc. is a floor covering retailer in Beverly, Massachusetts, classified under NAICS 449121 (Floor Covering Retailers). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,221,000, approved on April 14, 2026, through Salem Five Cents Savings Bank and Granite State Economic Development Corporation.
SBA 504 loan, approved Apr 14, 2026
$1,221,000 SBA portionCDC: Granite State Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,221,000
- Bank portion
- $1,480,000
- Estimated project size
- $3,001,111 (estimated)
- Estimated owner equity
- $300,111 (estimated, about 10% of the project)
- Bank lender
- Salem Five Cents Savings Bank, Salem, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 14, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Floor Covering Retailers: $1,528,333.
- Average expansion loan in Massachusetts: $2,009,683.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Massachusetts
- Sr Floors LLC, Tyngsboro
- Dachser Holdings, Inc., Auburn