Franchise brands › Floor Coverings International
Franchise brand162 approvals since FY2015
SBA loans to Floor Coverings International franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2015, 162 SBA loan approvals worth $28.8M carry the Floor Coverings International franchise code, 99 of them in FY2021 to FY2025.
In FY2025 there were 26, about level with FY2024. The average approval in the five-year window was $186K.
24 lenders made the FY2021 to FY2025 loans across 24 states; the most active were The Huntington National Bank (56), First Bank of the Lake (9) and Citizens Bank (5).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 19.4% as charged off, above the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 10 | $2.3M | $228K | 0 | 42 |
| FY2025 | 26 | $5.0M | $192K | 0 | 112 |
| FY2024 | 28 | $5.2M | $186K | 0 | 142 |
| FY2023 | 18 | $3.3M | $182K | 0 | 124 |
| FY2022 | 15 | $2.4M | $158K | 0 | 59 |
| FY2021 | 12 | $2.6M | $216K | 0 | 76 |
| FY2020 | 11 | $1.7M | $158K | 0 | 43 |
| FY2019 | 23 | $3.7M | $161K | 0 | 121 |
| FY2018 | 17 | $2.4M | $141K | 0 | 73 |
| FY2017 | 1 | — | — | 0 | 6 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Floor Coverings International". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Floor Coverings International | All SBA loans |
|---|---|---|
| Approvals in these years | 65 | 725,496 |
| Cancelled or never disbursed | 3 | 91,827 |
| Disbursed loans | 62 | 633,669 |
| Paid in full | 33 | 471,304 |
| Charged off | 12 | 37,796 |
| Still outstanding (status exempt from disclosure) | 17 | 124,569 |
| Charged off, share of disbursed loans | 19.4% | 6.0% |
| Dollars charged off, share of disbursed dollars | 15.1% | 2.2% |
| Dollars charged off | $1.5M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 56 | $8.9M | 56.6% | |
| 2 | First Bank of the LakeOsage Beach, MO | 9 | $1.9M | 9.1% | |
| 3 | Citizens BankElizabethton, TN | 5 | $1.4M | 5.1% | |
| 4 | KeyBank National AssociationCleveland, OH | 5 | $888K | 5.1% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $689K | 3.0% | |
| 6 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.0% | |
| 7 | WesBanco Bank, Inc.Wheeling, WV | 2 | — | 2.0% | |
| 8 | North State BankRaleigh, NC | 1 | — | 1.0% | |
| 9 | Community Bank of MississippiFlowood, MS | 1 | — | 1.0% | |
| 10 | First Bank & TrustBrookings, SD | 1 | — | 1.0% | |
| 11 | JPMorgan Chase Bank, National AssociationColumbus, OH | 1 | — | 1.0% | |
| 12 | Magnifi Financial CUMelrose, MN | 1 | — | 1.0% | |
| 13 | United Community BankGreenville, SC | 1 | — | 1.0% | |
| 14 | Mabrey BankBixby, OK | 1 | — | 1.0% | |
| 15 | BankVistaSartell, MN | 1 | — | 1.0% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 15 | 15.2% | |
| 2 | Ohio | 10 | 10.1% | |
| 3 | Florida | 9 | 9.1% | |
| 4 | California | 7 | 7.1% | |
| 5 | Georgia | 6 | 6.1% | |
| 6 | Virginia | 6 | 6.1% | |
| 7 | Michigan | 6 | 6.1% | |
| 8 | Massachusetts | 6 | 6.1% | |
| 9 | Colorado | 5 | 5.1% | |
| 10 | Arizona | 4 | 4.0% | |
| 11 | Tennessee | 4 | 4.0% | |
| 12 | Illinois | 3 | 3.0% | |
| 13 | Oklahoma | 3 | 3.0% | |
| 14 | New York | 3 | 3.0% | |
| 15 | Minnesota | 2 | 2.0% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Furniture and Home Furnishings RetailersNAICS 4491 | 41 | 41.4% | |
| 2 | Building Finishing ContractorsNAICS 2383 | 33 | 33.3% | |
| 3 | Home Furnishings StoresNAICS 4422 | 14 | 14.1% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 6.1% | |
| 5 | Building Material and Supplies DealersNAICS 4441 | 4 | 4.0% |
Approval sizes
- $50,000 or less29.3%29
- $50,001 to $150,0009.1%9
- $150,001 to $350,00055.6%55
- $350,001 to $1 million6.1%6
Age of the businesses
- Existing, more than 2 years old4.0%4
- New business, 2 years or less7.1%7
- Startup, loan funds will open the business86.9%86
- Change of ownership2.0%2
Questions and answers
How many SBA loans go to Floor Coverings International franchises?
162 approvals since FY2015, worth $28.8M; 99 in FY2021 to FY2025.
Which lenders make SBA loans for Floor Coverings International franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (56), First Bank of the Lake (9), Citizens Bank (5), KeyBank National Association (5), Readycap Lending, LLC (3).
How large is a typical SBA loan for a Floor Coverings International franchise?
The average approval in FY2021 to FY2025 was $186K.
What share of Floor Coverings International SBA loans are charged off?
Of 62 disbursed loans approved in FY2010 to FY2021, 12 (19.4%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Floor Coverings International franchises rising?
Approvals in the three latest complete fiscal years total 72, against 38 in the three before: rising (+89%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error