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April 28, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Food Manufacturing Loan | ||||
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Raising Money in San Jose, California With SBA Loans
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Food Manufacturing Small Business LoansWith these small business loans for food manufacturing, the SBA guarantees the lender that the loan will be repaid. This food manufacturing loan for $355,000 was given to a California entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Jose, California was able to borrow $355,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $266,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: FOOD MANUFACTURING SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 311999 - Food Manufacturing Loan Approval Date 7/25/2006 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. More Information on This SBA Loan The borrower borrowed this money for a new 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. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wachovia Sba Lending, Inc. and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source SBA Banks in Roseville, California
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