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May 7, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Optical Instrument And Lens Manufacturing Loan | ||||
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SBA Lender California
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Wells Fargo Bank SBA Loan to Optical Instrument And Lens Manufacturing 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chatsworth, California was able to borrow $178,200 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $133,650 of this California small business loan. SBA Loan Borrower COMPANY TYPE: OPTICAL INSTRUMENT AND LENS MANUFACTURING SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333314 - Optical Instrument and Lens Manufacturing Loan Approval Date 5/11/2007 Loan Approval Gross Amount $178,200 Loan Approval from the SBA Of the total $178,200 loan amount, the SBA guaranteed $133,650. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Banks in Sioux Falls, South Dakota
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