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May 3, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Automatic Merchandising Machine Operators Loan | ||||
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Raising Money in Phoenix, Arizona With SBA Loans
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Business Loans for Vending Machine OperatorsLooking for business loans for vending machine operators? An SBA loan may be just what you've been looking for. This $563,000 vending machine operators loan was issued by a California bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of San Jose, California. The loan was granted and they received $563,000 to help grow their Phoenix, Arizona business. SBA Loan Borrower COMPANY TYPE: AUTOMATIC MERCHANDISING MACHINE OPERATORS SBA Loan Lender WELLS FARGO BANK This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5962 - Automatic Merchandising Machine Operators NAICS Code 454210 - Vending Machine Operators Loan Approval Date 12/19/2000 Loan Approval Gross Amount $563,000 Loan Approval from the SBA Of the total $563,000 loan amount, the SBA guaranteed $422,250. 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 27 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Phoenix AZ, you ought to talk with a local Phoenix SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Phoenix businesses. If you need emergency money for small 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 7A Lenders in San Jose, California
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