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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Folsom, Business Loans > Wells Fargo Bank Folsom Business Loans > Water, Sewer, And Utility Lines Loan | ||||
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Wells Fargo Bank
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Business Loan from Wells Fargo Bank Given to Water, Sewer, And Utility Lines CompanyWells Fargo Bank has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Shingle Springs, California, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Folsom, California. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender WELLS FARGO BANK This commercial loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1623 - Water, Sewer, and Utility Lines NAICS Code 234920 - Power and Communication Transmission Line Construction Loan Approval Date 9/21/2001 Loan Approval Gross Amount $254,000 Loan Approval from the SBA Of the total $254,000 loan amount, the SBA guaranteed $190,500. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $254,000 loan. Remember, where there is a will, there is a way! 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: Best Folsom, California Banks for Small Business Find an SBA Lender in California
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