Lasley Floor Coverings, LLC
Lasley Floor Coverings, LLC is a flooring contractor located in Evansville, Indiana, in the Flooring Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on October 21, 2024, through Old National Bank.
SBA 7(a) loan, change of ownership, approved Oct 21, 2024
$500,000 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,470 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- Project location
- Vanderburgh County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Flooring Contractors: $1,653,780.
- Average acquisition loan in Indiana: $1,995,900.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Indiana
- Custom Floors Inc, Fishers
- Lasley Land Holdings, LLC, Evansville