Raising Money for Paint, Varnish, and Supplies Wholesalers

Looking for business loans for paint, varnish, and supplies wholesalers? The SBA may be the answer. This $131,200 paint, varnish, and supplies wholesalers loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Glendale, California was able to borrow $131,200 from National Bank Of California. The SBA made the loan possible by guaranteeing $98,400 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES WHOLESALERS
GLENDALE, CA 91204

SBA Loan Lender

NATIONAL BANK OF CALIFORNIA
145 S FAIRFAX AVE
LOS ANGELES, CA 90036

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

422950 - Paint, Varnish, and Supplies Wholesalers

Loan Approval Date

6/30/2004

Loan Approval Gross Amount

$131,200

Loan Approval from the SBA

Of the total $131,200 loan amount, the SBA guaranteed $98,400.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Glendale CA, you ought to talk with a local Glendale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glendale businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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