How to Get a Loan for Paint and Wallpaper Stores

Looking for SBA loans for paint and wallpaper stores? The SBA may be the answer. This $80,000 paint and wallpaper stores loan was issued by a Tennessee bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Tennessee Bank, out of Greeneville, Tennessee. The loan was granted and they received $80,000 to help grow their Elizabethton, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
ELIZABETHTON, TN 37643

SBA Loan Lender

FIRST TENNESSEE BANK
2841 EAST ANDREW JOHNSON
GREENEVILLE, TN 37745

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.

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

12/2/2004

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, things become real when you believe you can achieve them!

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:

Direct Public Offerings

SBA 7A Banks in Greeneville, Tennessee

Tennessee SBA Banks