Maryland Entrepreneur Secures Financing to Buy Certa Propainters Franchise

Need money to purchase a Certa Propainters franchise? Bankannapolis has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Certa Propainters franchise shouldn't be too tough. In 2002, Bankannapolis issued an SBA franchise loan to an entrepreneur in Silver Spring, Maryland. Because Certa Propainters was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

CERTA PROPAINTERS OF ANNAPOLIS
SILVER SPRING, MD 20902

SBA Loan Lender

BANKANNAPOLIS
1000 BESTGATE RD
ANNAPOLIS, MD 21401

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

8/2/2002

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 used to buy a Certa Propainters franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

CertaPro Painters

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Annapolis, Maryland

Maryland SBA 7A Banks