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May 16, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > New Richmond, Business Loans > Riverhills Bank New Richmond Business Loans > Painting And Wall Covering Contractors Loan | ||||
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Requirements for Businesses On Getting a Loan
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How to Get a Loan for Painting and Wall Covering ContractorsLooking for SBA loans for painting and wall covering contractors? Talk to a banker who works with the SBA. This $10,000 painting and wall covering contractors loan was issued by an Ohio bank. This business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Riverhills Bank, out of New Richmond, Ohio. The loan was granted and they received $10,000 to help grow their Mount Orab (rr Name Mount Oreb, Ohio business. SBA Loan Borrower COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS SBA Loan Lender RIVERHILLS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238320 - Painting and Wall Covering Contractors Loan Approval Date 2/28/2008 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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