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April 16, 2024  
 
 
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Loan Census SBA Loan Info

Financing for Dairy Product Wholesalers

Looking for loans for dairy product wholesalers? Try the SBA. This $119,100 dairy product wholesalers loan was issued by a Nevada bank.

This company knew how to go about getting a business bank loan. Based in Irving, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Washington Mutual Bank, based in Henderson, Nevada.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCTS
IRVING, TX 75062

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This bank 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.

SIC Code

5143 - Dairy Products

NAICS Code

422430 - Dairy Product Wholesalers

Loan Approval Date

1/24/2002

Loan Approval Gross Amount

$119,100

Loan Approval from the SBA

Of the total $119,100 loan amount, the SBA guaranteed $101,235.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must 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.

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 $119,100 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:

The Art of Bootstrapping

Small Business Banks in Henderson, Nevada

Nevada SBA 7A Banks