Borrowing Money for Painting and Wall Covering

With these small business loans for painting and wall covering, the SBA guarantees the lender that the loan will be repaid. This painting and wall covering loan for $500,000 was given to a Montana entrepreneur in 2003.

Getting a small business loan in Florence, Montana was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bitterroot Valley Bank, operating out of Lolo, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING
FLORENCE, MT 59833

SBA Loan Lender

BITTERROOT VALLEY BANK
LOLO SHPNG CTR
LOLO, MT 59847

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

1/27/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Debt Financing

SBA 7A Banks for Lolo, Montana Loans

SBA Montana Lenders