Paint and Wallpaper Stores Loans
Looking for loans for paint and wallpaper stores? The SBA may be the answer. This $480,000 paint and wallpaper stores loan was issued by an Oregon bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Roseburg, Oregon was able to borrow $480,000 from Premierwest Bank. The SBA made the loan possible by guaranteeing $360,000 of this Oregon small business loan.
SBA Loan Borrower
COMPANY TYPE: PAINT, GLASS, AND WALLPAPER STORES
ROSEBURG, OR 97470
SBA Loan Lender
PREMIERWEST BANK
605 SE KANE
ROSEBURG, OR 97470
This commercial 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
5231 - Paint, Glass, and Wallpaper Stores
NAICS Code
444120 - Paint and Wallpaper Stores
Loan Approval Date
6/29/2004
Loan Approval Gross Amount
$480,000
Loan Approval from the SBA
Of the total $480,000 loan amount, the SBA guaranteed $360,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 10 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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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