Getting an SBA Loan for Painting and Wall Covering
Looking for SBA loans for painting and wall covering? The SBA may be the answer. This $500,000 painting and wall covering loan was issued by a Hawaii bank.
This business knew how to go about getting a business bank loan. Based in Waipahu, Hawaii, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Central Pacific Bank, based in Honolulu, Hawaii.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND WALL COVERING
WAIPAHU, HI 96797
SBA Loan Lender
CENTRAL PACIFIC BANK
220 S KING ST
HONOLULU, HI 96813
This small business 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.
NAICS Code
235210 - Painting and Wall Covering
Loan Approval Date
7/13/2001
Loan Approval Gross Amount
$500,000
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
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 34 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Central Pacific Bank and they will explain how you can get an SBA loan for your company.
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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