 |
 |
April 27, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > Wells Fargo Bank San Antonio Business Loans > Medical, Dental, And Hospital Equipment And Supplies Merchant Wholesalers Loan | ||||
 |
||||
Wells Fargo Bank SBA Loans
|
||||
 |
Borrowing Money for Medical, Dental, and Hospital Equipment and Supplies Merchant WholesalersWith these small business loans for medical, dental, and hospital equipment and supplies merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This medical, dental, and hospital equipment and supplies merchant wholesalers loan for $124,500 was given to a Texas entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Corpus Christi, Texas was able to borrow $124,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $105,825 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: MEDICAL, DENTAL, AND HOSPITAL EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423450 - Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers Loan Approval Date 9/11/2003 Loan Approval Gross Amount $124,500 Loan Approval from the SBA Of the total $124,500 loan amount, the SBA guaranteed $105,825. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you 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. This SBA loan was for $124,500. How would you spend $124,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: The Friends and Family Network Where to Get an SBA Loan in San Antonio, Texas
|
|
||
|
||||
|
|
||||