SBA Loan from Wells Fargo Bank Helps Chemical And Allied Products Wholesalers Company

Wells Fargo Bank has a track record as a leading provider of SBA loans. Find out how this New Mexico entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Hobbs, New Mexico, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Albuquerque, New Mexico.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND ALLIED PRODUCTS WHOLESALERS
HOBBS, NM 88240

SBA Loan Lender

WELLS FARGO BANK
550 SAN MATEO BLVD SE
ALBUQUERQUE, NM 87108

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

422690 - Chemical and Allied Products Wholesalers

Loan Approval Date

10/12/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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