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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Adhesive Manufacturing Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Borrowing Money for Adhesive ManufacturingLooking for small business loans for adhesive manufacturing? Try the SBA. This $80,000 adhesive manufacturing loan was issued by a California bank. Getting a small business loan in Newark, Ohio was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: ADHESIVE MANUFACTURING SBA Loan Lender WELLS FARGO BANK The lender provided this SBA 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 325520 - Adhesive Manufacturing Loan Approval Date 1/19/2006 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 14 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need to find money for a business, 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. Related Links: Advice on Getting a Small Business Loan SBA Participating Banks in San Jose, California Find an SBA Lender in California
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