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May 4, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Printing And Writing Paper Merchant Wholesalers Loan | ||||
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Freeland, Washington Bank for SBA Loans
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Washington Business Loan Issued to Printing And Writing Paper Merchant Wholesalers CompanyWashingtonSmall business loans are available to Washington small business owners through the SBA. In this case, a California bank provides the loan. This small business, based in Freeland, Washington, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Wells Fargo Bank. We've got the inside scoop on this Washington small business loan. SBA Loan Borrower COMPANY TYPE: PRINTING AND WRITING PAPER MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424110 - Printing and Writing Paper Merchant Wholesalers Loan Approval Date 2/18/2005 Loan Approval Gross Amount $403,600 Loan Approval from the SBA Of the total $403,600 loan amount, the SBA guaranteed $302,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Participating Banks in San Jose, California
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