Painting and Wall Covering Contractors Business Loans
Looking for business loans for painting and wall covering contractors? The SBA may be the answer. This $110,000 painting and wall covering contractors loan was issued by a Wisconsin bank.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Bank Of Baldwin, out of Baldwin, Wisconsin. The loan was granted and they received $110,000 to help grow their Baldwin, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS
BALDWIN, WI 54002
SBA Loan Lender
FIRST BANK OF BALDWIN
990 MAIN ST
BALDWIN, WI 54002
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238320 - Painting and Wall Covering Contractors
Loan Approval Date
6/17/2005
Loan Approval Gross Amount
$110,000
Loan Approval from the SBA
Of the total $110,000 loan amount, the SBA guaranteed $93,500.
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 6 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $110,000 loan. Remember, feel the fear, and do it anyway.
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.
Related Links:
Determining Proper Capital Structure for a Business
Best Baldwin, Wisconsin Banks for Small Business
SBA Lenders in Wisconsin