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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 > Bare Printed Circuit Board Manufacturing Loan | ||||
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Roseville SBA Lenders
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Roseville, California Bank Gives SBA Loan to Bare Printed Circuit Board Manufacturing CompanyThinking about meeting with a Roseville, California bank about a small business loan? Here's one California business loan, issued by a Roseville bank, that was approved by the SBA. Applying for an SBA loan with Wachovia Sba Lending, Inc. worked out well for our friends at one local firm in San Luis Obispo, California. The business was able to get an SBA loan for $491,000. Great job! SBA Loan Borrower COMPANY TYPE: BARE PRINTED CIRCUIT BOARD MANUFACTURING SBA Loan Lender WACHOVIA SBA LENDING, INC. 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. NAICS Code 334412 - Bare Printed Circuit Board Manufacturing Loan Approval Date 10/17/2002 Loan Approval Gross Amount $491,000 Loan Approval from the SBA Of the total $491,000 loan amount, the SBA guaranteed $368,250. 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. This SBA loan request indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Wachovia Sba Lending, Inc. 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: Dealing With Venture Capitalists SBA Participating Banks in Roseville, California
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