Commercial Loans for Paint and Coating Manufacturing

With these commercial loans for paint and coating manufacturing, the SBA guarantees the lender that the loan will be repaid. This paint and coating manufacturing loan for $101,600 was given to an Arizona entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maryvale, Arizona was able to borrow $101,600 from Bank Of America. The SBA made the loan possible by guaranteeing $86,360 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINT AND COATING MANUFACTURING
MARYVALE, AZ 85239

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325510 - Paint and Coating Manufacturing

Loan Approval Date

2/12/2003

Loan Approval Gross Amount

$101,600

Loan Approval from the SBA

Of the total $101,600 loan amount, the SBA guaranteed $86,360.

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 8 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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