Small Business Loans for Paint and Wallpaper Stores

With these small business loans for paint and wallpaper stores, the SBA guarantees the lender that the loan will be repaid. This paint and wallpaper stores loan for $25,000 was given to a Georgia entrepreneur in 2008.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lawrenceville, Georgia was able to borrow $25,000 from United Community Bank. The SBA made the loan possible by guaranteeing $12,500 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
LAWRENCEVILLE, GA 30043

SBA Loan Lender

UNITED COMMUNITY BANK
59 HWY 515
BLAIRSVILLE, GA 30514

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

444120 - Paint and Wallpaper Stores

Loan Approval Date

1/31/2008

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find other ways to get money to start a business, 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:

The Friends and Family Network

SBA Banks in Blairsville, Georgia

Georgia SBA Banks