Painting and Wall Covering Business Loans
Looking for business loans for painting and wall covering? The SBA may be the answer. This $25,000 painting and wall covering loan was issued by a Virginia bank.
This small business knew how to go about getting a business bank loan. Based in Gloucester, Virginia, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Evb, based in Gloucester, Virginia.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND PAPER HANGING
GLOUCESTER, VA 23061
SBA Loan Lender
EVB
7131 GEORGE WASHINGTON MEMORI
GLOUCESTER, VA 23061
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1721 - Painting and Paper Hanging
NAICS Code
235210 - Painting and Wall Covering
Loan Approval Date
6/4/2001
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
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 6 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My 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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Evb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Evb made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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