Painting and Wall Covering Contractors Small Business Loans

Looking for small business loans for painting and wall covering contractors? Try the SBA. This $80,000 painting and wall covering contractors loan was issued by an Indiana bank.

This company knew how to go about getting a business bank loan. Based in Fort Wayne, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Grabill Bank, based in Grabill, Indiana.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS
FORT WAYNE, IN 46806

SBA Loan Lender

GRABILL BANK
13505 MAIN ST
GRABILL, IN 46741

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238320 - Painting and Wall Covering Contractors

Loan Approval Date

10/20/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

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.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Grabill Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

Where to Get an SBA Loan in Grabill, Indiana

Getting an SBA Loan in Indiana

How Do We Get a Business Loan in Fort Wayne, Indiana?

Painting and Wall Covering Contractors Small Business Loans