Ferris Painting, Inc.
Ferris Painting, Inc. is located in Canoga Park, CA, and the SBA lists its industry as Painting and Wall Covering Contractors. It was approved for an SBA 7(a) loan of $1,962,500 for a change of ownership on August 7, 2026.
SBA 7(a) loan, change of ownership, approved Aug 7, 2026
- Gross approval
- $1,962,500
- SBA-guaranteed amount
- $1,471,875 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 7, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $25,394 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-30
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- Average acquisition loan in California: $1,688,228.
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.
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Same industry in California
- Russell Hinton Co., San Francisco
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- 128 N. Cedros, LLC, Solana Beach
- 317 W. Tullock LLC, Rialto
- Blissful Painters Inc, Pasadena