Loans for Paint and Wallpaper Stores

With these loans for paint and wallpaper stores, the SBA guarantees the lender that the loan will be repaid. This paint and wallpaper stores loan for $116,100 was given to a Georgia entrepreneur in 2006.

Getting a small business loan in Douglasville, Georgia was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank & Tr - W. Georgia, operating out of Carrollton, Georgia. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
Douglasville, GA 30135

SBA Loan Lender

CITIZENS BANK & TR - W. GEORGIA
115 COLLEGE ST
CARROLLTON, GA 30117

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

2/6/2006

Loan Approval Gross Amount

$116,100

Loan Approval from the SBA

Of the total $116,100 loan amount, the SBA guaranteed $98,685.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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SBA Approved Banks in Carrollton, Georgia

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