How to Get a Loan for Paint and Wallpaper Stores
Looking for SBA loans for paint and wallpaper stores? Talk to a banker who works with the SBA. This $252,000 paint and wallpaper stores loan was issued by a Texas bank.
This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Franklin Bank S.S.B., out of Houston, Texas. The loan was granted and they received $252,000 to help grow their Austin, Texas business.
SBA Loan Borrower
COMPANY TYPE: PAINT, GLASS, AND WALLPAPER STORES
AUSTIN, TX 78746
SBA Loan Lender
FRANKLIN BANK S.S.B.
9800 RICHMOND AVE, STE 680
HOUSTON, TX 77046
This small business loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5231 - Paint, Glass, and Wallpaper Stores
NAICS Code
444120 - Paint and Wallpaper Stores
Loan Approval Date
6/23/2000
Loan Approval Gross Amount
$252,000
Loan Approval from the SBA
Of the total $252,000 loan amount, the SBA guaranteed $189,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Franklin Bank S.S.B. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Franklin Bank S.S.B. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
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