How to Get a Loan for Paint and Wallpaper Stores

Looking for commercial loans for paint and wallpaper stores? Talk to a banker who works with the SBA. This $150,000 paint and wallpaper stores loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Paso Robles, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Heritage Oaks Bank, based in Paso Robles, California.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
PASO ROBLES, CA 93446

SBA Loan Lender

HERITAGE OAKS BANK
545 12TH ST
PASO ROBLES, CA 93446

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

12/6/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 9 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $150,000 loan. Remember, fight for what you want, and it will be yours!

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

Small Business Banks in Paso Robles, California

SBA Lenders in California