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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Los Angeles, Business Loans > Wells Fargo Bank, Ltd. Los Angeles Business Loans > Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing Loan | ||||
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Banks for Small Business Owners in California
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California Business Loan Issued to Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing CompanyCaliforniaBusiness loans are available to California business owners through the SBA. In this case, a California bank provides the loan. By giving the right information to Wells Fargo Bank, Ltd., this Visalia, California business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN TRACTOR AND HOME LAWN AND GARDEN EQUIPMENT MANUFACTURING SBA Loan Lender WELLS FARGO BANK, LTD. This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333112 - Lawn and Garden Tractor and Home Lawn and Garden Equipment Manufacturing Loan Approval Date 9/22/2004 Loan Approval Gross Amount $1,660,000 Loan Approval from the SBA Of the total $1,660,000 loan amount, the SBA guaranteed $1,245,000. 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 40 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,660,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - Friends and Family SBA 7A Banks in Los Angeles, California
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