Painting and Wall Covering Business Loans

With these 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 $135,000 was given to a Tennessee entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kingsport, Tennessee was able to borrow $135,000 from 1st Bank & Trust. The SBA made the loan possible by guaranteeing $114,750 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND PAPER HANGING
KINGSPORT, TN 37660

SBA Loan Lender

1ST BANK & TRUST
1108 E STONE DR
KINGSPORT, TN 37660

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

9/3/2002

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 45 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st Bank & Trust 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.

Related Links:

Choosing VC Firms

SBA 7A Banks for Kingsport, Tennessee Loans

Getting a Business Loan in Tennessee