Staggs Floor Covering, Inc.
Staggs Floor Covering, Inc. is a floor covering retailer located in Marion, Indiana. The company was financed with an SBA 7(a) loan for a change of ownership of $1.03 million, approved on June 17, 2026 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 17, 2026
$1,030,000 approvedLender: Live Oak Banking Company16 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,030,000
- SBA-guaranteed amount
- $772,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- June 17, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $10,297 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Grant County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- 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.
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Same industry in Indiana
- Flooring Concepts Inc, Sellersburg
- Mjm Flooring, LLC, Indianapolis