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April 26, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Auburn, Business Loans > Wells Fargo Bank Auburn Business Loans > Physicians, Mental Health Specialists Loan | ||||
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Wells Fargo Bank Business Loans
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Raising Money for Physicians, Mental Health SpecialistsWith these business loans for physicians, mental health specialists, the SBA guarantees the lender that the loan will be repaid. This physicians, mental health specialists loan for $428,000 was given to a California entrepreneur in 2002. This business knew how to go about getting a business bank loan. Based in Elk Grove, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wells Fargo Bank, based in Auburn, California. SBA Loan Borrower COMPANY TYPE: PHYSICIANS, MENTAL HEALTH SPECIALISTS SBA Loan Lender WELLS FARGO BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621112 - Physicians, Mental Health Specialists Loan Approval Date 12/26/2002 Loan Approval Gross Amount $428,000 Loan Approval from the SBA Of the total $428,000 loan amount, the SBA guaranteed $321,000. 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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:
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