SBA lending record

Carpet King, Inc.

1815 W River Rd N, Minneapolis, MN 55411 · Flooring Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.8M

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$1,800,000 — FY2020

Gross approval: $1,800,000
SBA guaranteed: $1,350,000 (75%)
Status: Paid in full
Rate at approval: 4.1% f
Term: 84 mo (7 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 9/25/2020
First disbursement: 9/25/2020
Days to fund: 0 days
Paid in full: 2/28/2022
Collateral: Required
Jobs supported: 53
Business type: Corporation
Business age: Change of Ownership
Industry: Flooring Contractors
NAICS code: 238330
Lender: First National Bank of Omaha
Address: 1815 W River Rd N
City: Minneapolis, 55411
County: Hennepin
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 5

The lender

First National Bank of Omaha

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding flooring contractors — by location, industry.

SBA lenders in Minnesota Lenders for flooring contractors Flooring Contractors lenders in Minnesota

Similar businesses

Comparable flooring contractors in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Garage Floor Coating of MN.com, LLC

Minneapolis, MN· ~5 mi

Flooring Contractors

$675K
SBA financing: ≈ $1.3M–$2.2M
Est. revenue (rough)

View record

Centennial Flooring, Inc.

Saint Paul, MN· ~8 mi

Flooring Contractors

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

View record

Hart Design Group, LLC

Burnsville, MN· ~15 mi

Flooring Contractors

$545K
SBA financing: ≈ $1.1M–$1.8M
Est. revenue (rough)

View record

CAPITAL GRAIN LLC

Saint Paul, MN· ~5 mi

Flooring Contractors

$15K
SBA financing: ≈ $30K–$50K
Est. revenue (rough)

View record

Straight House Corporation

Burnsville, MN· ~14 mi

Flooring Contractors

$420K
SBA financing: ≈ $824K–$1.4M
Est. revenue (rough)

View record

St Croix Hardwood Flooring, Inc.

St Anthony, MN· ~4 mi

Flooring Contractors

$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Carpet King, Inc. in Minneapolis, MN (Flooring Contractors). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $1.8M
On record FY2020
53 jobs supported
Industry: Flooring Contractors
Location: Minneapolis, MN
Lender: First National Bank of Omaha

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Flooring Contractors businesses in MN for ~$1.8M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/carpet-king-inc-mn
API:: https://www.capbench.com/api/public/businesses/carpet-king-inc-mn
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Carpet King, Inc..