Gallery Painting, Inc.
Gallery Painting, Inc. is a business in Albuquerque, New Mexico, in the painting and wall covering contractors industry (NAICS 238320). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,102,000, approved on February 20, 2024, through Main Bank and Capital Certified Development Corporation.
SBA 504 loan, approved Feb 20, 2024
$1,102,000 SBA portionCDC: Capital Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,102,000
- Bank portion
- $1,342,500
- Estimated project size
- $2,716,111 (estimated)
- Estimated owner equity
- $271,611 (estimated, about 10% of the project)
- Bank lender
- Main Bank, Albuquerque, NM
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 20, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Project location
- Bernalillo County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Painting and Wall Covering Contractors: $1,299,333.
- Average expansion loan in New Mexico: $2,251,714.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.