 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Toy And Hobby Goods And Supplies Merchant Wholesalers Loan | ||||
 |
||||
Good Banks for San Leandro Business Owners
|
||||
 |
Toy and Hobby Goods and Supplies Merchant Wholesalers LoansLooking for loans for toy and hobby goods and supplies merchant wholesalers? Talk to a banker who works with the SBA. This $718,800 toy and hobby goods and supplies merchant wholesalers loan was issued by a California bank. This small firm knew how to go about getting a business bank loan. Based in San Leandro, California, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wells Fargo Bank, based in San Jose, California. SBA Loan Borrower COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423920 - Toy and Hobby Goods and Supplies Merchant Wholesalers Loan Approval Date 4/27/2006 Loan Approval Gross Amount $718,800 Loan Approval from the SBA Of the total $718,800 loan amount, the SBA guaranteed $539,100. 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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 7A Banks in San Jose, California
|
|
||
|
||||
|
|
||||