Where to Get Capital for Painting and Wall Covering Contractors
Looking for small business loans for painting and wall covering contractors? Talk to a banker who works with the SBA. This $266,800 painting and wall covering contractors loan was issued by a California bank.
This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Metropacific Bank, out of Irvine, California. The loan was granted and they received $266,800 to help grow their Fountain Valley, California business.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS
FOUNTAIN VALLEY, CA 92708
SBA Loan Lender
METROPACIFIC BANK
18831 VON KARMAN AVE, STE 101
IRVINE, CA 92612
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238320 - Painting and Wall Covering Contractors
Loan Approval Date
3/6/2006
Loan Approval Gross Amount
$266,800
Loan Approval from the SBA
Of the total $266,800 loan amount, the SBA guaranteed $200,100.
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 20 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Fountain Valley or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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