Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Business Loans for Bumpass Businesses

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Certa Propainters Franchise

Need a loan to invest in a Certa Propainters franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA.

Certa Propainters franchise loans are available to Bumpass, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Provident Bank Of Maryland, based in Warrenton, Virginia, issued an SBA franchise loan for a Certa Propainters franchise in 2004. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

CERTA PRO PAINTERS OF FREDERIC
BUMPASS, VA 23024

SBA Loan Lender

PROVIDENT BANK OF MARYLAND
37 E MAIN ST
WARRENTON, VA 20186

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

238320 - Painting and Wall Covering Contractors

Loan Approval Date

3/22/2004

Loan Approval Gross Amount

$72,400

Loan Approval from the SBA

Of the total $72,400 loan amount, the SBA guaranteed $61,540.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Certa Propainters franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Provident Bank Of Maryland that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

CertaPro Painters

How Equity Dilution Works

Best Warrenton, Virginia Banks for Small Business

Browse All Business Loan Sources for Virginia