FLOORCOVERINGS INTERNATIONAL: how its 23 SBA loans actually performed
Floor Covering Stores · 23 units financed with SBA 7(a) loans since 2010 · 11 lenders have funded this brand.
5 of 23 owners defaulted on their SBA loan
That is 21.7% — roughly 4 times the 5.7% average across all SBA 7(a) loans. It does not make this a bad business. It makes it an expensive one to finance.
How this brand compares
share of owners who defaulted within seven yearsWho lends on it
most active lenders, 2010 onward| Lender | Units funded |
|---|---|
| Celtic Bank Corporation | 7 |
| Stearns Bank National Association | 5 |
| U.S. Bank, National Association | 2 |
| First Business Bank | 2 |
| Manufacturers and Traders Trust Company | 1 |
| Columbia Bank | 1 |
11 lenders have funded FLOORCOVERINGS INTERNATIONAL since 2010. Fewer active lenders means less competition on your rate.
A note on sample size
FLOORCOVERINGS INTERNATIONAL is a smaller-sample brand: 23 of its SBA loans are old enough to judge (our flagship brands have 60+). The default rate above is a real count, but read it as a signal rather than a verdict — with 23 loans, a handful of outcomes moves the number. We omit the year-by-year breakdowns shown on larger brands, which would be noisy at this size.
Common questions
How many FLOORCOVERINGS INTERNATIONAL SBA loans have defaulted?
5 of 23 seasoned FLOORCOVERINGS INTERNATIONAL SBA 7(a) loans charged off within seven years — a 21.7% default rate, against 5.7% across all SBA 7(a) loans.
Is a FLOORCOVERINGS INTERNATIONAL franchise a safe SBA loan bet?
By the numbers its default rate is above the SBA-wide 5.7% average. That is a financing signal, not a verdict on the business — and with 23 loans it is a smaller sample than our flagship brands.
Which lenders fund FLOORCOVERINGS INTERNATIONAL franchises?
11 lenders have made SBA loans to FLOORCOVERINGS INTERNATIONAL since 2010, led by Celtic Bank Corporation.