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May 1, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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How to Get SBA Loans in Glenwood Springs, Colorado
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Small Business Loans for Electrical Contractors and Wiring Installation ContractorsLooking for small business loans for electrical contractors and wiring installation contractors? An SBA loan may be just what you've been looking for. This $286,000 electrical contractors and wiring installation contractors loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Glenwood Springs, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Wells Fargo Bank, based in San Jose, California. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender WELLS FARGO BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 1/5/2005 Loan Approval Gross Amount $286,000 Loan Approval from the SBA Of the total $286,000 loan amount, the SBA guaranteed $214,500. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Glenwood Springs CO, you ought to talk with a local Glenwood Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glenwood Springs 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 $286,000 loan. Remember, fight for what you want, and it will be yours! 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: Raising VC Money for Social Networking Companies Find an SBA Lender in San Jose, California SBA Participating Banks in California
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