Paint, Varnish, and Supplies Wholesalers SBA Loans

Looking for SBA loans for paint, varnish, and supplies wholesalers? Try the SBA. This $150,000 paint, varnish, and supplies wholesalers loan was issued by a Massachusetts bank.

This small business knew how to go about getting a business bank loan. Based in Montebello, California, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Oneunited Bank, based in Boston, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: PAINTS, VARNISHES, AND SUPPLIES
MONTEBELLO, CA 90640

SBA Loan Lender

ONEUNITED BANK
133 FEDERAL ST
BOSTON, MA 02110

When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5198 - Paints, Varnishes, and Supplies

NAICS Code

422950 - Paint, Varnish, and Supplies Wholesalers

Loan Approval Date

3/15/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

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