Hemphill's Rugs & Carpets
Hemphill's Rugs & Carpets is a floor covering retailer in Costa Mesa, California, classified under NAICS 449121 (Floor Covering Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $4,273,200, approved on January 26, 2026, through U.S. Bank, National Association.
SBA 7(a) loan, change of ownership, approved Jan 26, 2026
$4,273,200 approvedLender: U.S. Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,273,200
- SBA-guaranteed amount
- $3,204,900 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 5.95%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- January 26, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $27,402 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-48
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Floor Covering Retailers on this site.
- Average acquisition loan in Floor Covering Retailers: $2,205,596.
- Average acquisition loan in California: $1,688,228.
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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