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May 18, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Bellingham, Business Loans > Peoples Bank Bellingham Business Loans > Paints, Varnishes, Lacquers, And Enamels Loan | ||||
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SBA Lender Ferndale Washington
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Paint and Coating Manufacturing Bank LoansLooking for bank loans for paint and coating manufacturing? The SBA may be the answer. This $37,000 paint and coating manufacturing loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ferndale, Washington was able to borrow $37,000 from Peoples Bank. The SBA made the loan possible by guaranteeing $29,600 of this Washington small business loan. SBA Loan Borrower COMPANY TYPE: PAINTS, VARNISHES, LACQUERS, AND ENAMELS SBA Loan Lender PEOPLES BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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. SIC Code 2851 - Paints, Varnishes, Lacquers, and Enamels NAICS Code 325510 - Paint and Coating Manufacturing Loan Approval Date 2/14/2000 Loan Approval Gross Amount $37,000 Loan Approval from the SBA Of the total $37,000 loan amount, the SBA guaranteed $29,600. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Where to Get an SBA Loan in Bellingham, Washington
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