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March 28, 2024  
 
 
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Getting a Small Business Loan from Wells Fargo Bank

 

 
Loan Census SBA Loan Info

Business Loan from Wells Fargo Bank Given to Trucking Company

Wells 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.

Getting a small business loan in Rubidoux (west Riverside), California was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of West Covina, California. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
RUBIDOUX (WEST RIVERSIDE), CA 92509

SBA Loan Lender

WELLS FARGO BANK
100 N BARRANCA ST, STE 101
WEST COVINA, CA 91791

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.

SIC Code

4213 - Trucking

Loan Approval Date

6/6/2000

Loan Approval Gross Amount

$724,000

Loan Approval from the SBA

Of the total $724,000 loan amount, the SBA guaranteed $543,000.

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 95 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 95 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $724,000 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:

Understanding Dilution

Small Business Banks in West Covina, California

Where to Get an SBA Loan California