SBA lending record
Innovative Floors, Inc.
222 3RD AVE SE, Cedar Rapids, IA 52401 · Flooring Contractors. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$250K
Total SBA financing
3
Loans on record
FY2023
On record
6
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 3 loans
$100,000 — FY2023
Loan 1 of 3- Gross approval
- $100,000
- SBA guaranteed
- $85,000 (85%)
- Status
- Cancelled
- Rate at approval
- 8.25% f
- Term
- 60 mo (5 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 5/25/2023
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
The lender
Hills Bank and Trust Company
3 loans to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for Innovative Floors, Inc. in Cedar Rapids, IA (Flooring Contractors). DealRoom 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.
- 3 SBA 7(a) loans totaling $250K
- On record FY2023
- 6 jobs supported
- Industry: Flooring Contractors
- Location: Cedar Rapids, IA
- Lender: Hills Bank and Trust Company
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Innovative Floors, Inc..