Paint, Varnish, and Supplies Merchant Wholesalers Bank Loans

Looking for bank loans for paint, varnish, and supplies merchant wholesalers? Talk to a banker who works with the SBA. This $60,000 paint, varnish, and supplies merchant wholesalers loan was issued by a New York bank.

This small firm knew how to go about getting a business bank loan. Based in Albany, New York, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was State Empl Fcu, based in Albany, New York.

SBA Loan Borrower

COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES MERCHANT WHOLESALERS
ALBANY, NY 12205

SBA Loan Lender

STATE EMPL FCU
SEFCU PATROON CREEK CORPORATE
ALBANY, NY 12206

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424950 - Paint, Varnish, and Supplies Merchant Wholesalers

Loan Approval Date

9/1/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Albany NY, you ought to talk with a local Albany SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Albany businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Empl Fcu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Business Credit Evaluation

Small Bank Loans in Albany, New York

SBA Lenders in New York