Lincoln, NE Entrepreneur Gets SBA Loan to Buy Certa Propainters Franchise

Borrowing money to buy a Certa Propainters franchise? Arbor Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Certa Propainters franchise? If so, here's a 2001 SBA franchise loan that you should know about. Arbor Bank was the lender and the entrepreneur was based in Lincoln, Nebraska.

SBA Loan Borrower

CERTA PROPAINTERS
LINCOLN, NE 68504

SBA Loan Lender

ARBOR BANK
911 CENTRAL AVE
NEBRASKA CITY, NE 68410

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 is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561790 - Services to Buildings and Dwellings

Loan Approval Date

2/7/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 11 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Direct Public Offerings

Small Business Banks in Nebraska City, Nebraska

Nebraska SBA Banks