# Groovy Hues Painting of Summerville, Summerville SC: $275,000 SBA 7(a) loan approved 2026-08-25

**Fresh Capital Score:** 65/100

| Field | Value |
|---|---|
| Business | Groovy Hues Painting of Summerville |
| Location | Summerville, SC, 29486 |
| County | BERKELEY |
| Program | SBA 7(a) |
| Gross approval | $275,000 |
| SBA guaranteed | $137,500 |
| Approved | 2026-08-25 |
| Lender | Newtek Bank, National Association |
| Term (months) | 120 |
| Industry | Painting and Wall Covering Contractors |
| NAICS | 238320 |
| Franchise | Groovy Hues; Groovy Hues Painting |
| Business type | CORPORATION |
| Business age | Startup, Loan Funds will Open Business |
| Jobs supported | 4 |

## Why this score
- Approval of $275,000.
- Among the newest approvals in the latest SBA release.
- New business: still buying services and equipment.
- Franchise (Groovy Hues; Groovy Hues Painting).

Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data (https://data.sba.gov/dataset/7a-504-foia). Last refreshed: 2026-11-04T01:29:00.118Z.
Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.