Carlsbad, California Bank Lends Money to Automotive Body, Paint, And Interior Repair And Maintenance Company in Pico Rivera, California
Get SBA loans from a Carlsbad, California bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
Wells Fargo Bank is a Carlsbad, California small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a California company.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE
PICO RIVERA, CA 90660
SBA Loan Lender
WELLS FARGO BANK
5611 PALMER WAY, STE G
CARLSBAD, CA 92008
This lender provides SBA business 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
811121 - Automotive Body, Paint, and Interior Repair and Maintenance
Loan Approval Date
9/29/2003
Loan Approval Gross Amount
$628,000
Loan Approval from the SBA
Of the total $628,000 loan amount, the SBA guaranteed $471,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Obtaining Funding From a Venture Capitalist
SBA Approved Banks in Carlsbad, California
Getting an SBA Loan in California