Where to Get Capital for Porcelain Electrical Supply Manufacturing

With these SBA loans for porcelain electrical supply manufacturing, the SBA guarantees the lender that the loan will be repaid. This porcelain electrical supply manufacturing loan for $1,050,000 was given to a California entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Marcos, California was able to borrow $1,050,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $787,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: PORCELAIN ELECTRICAL SUPPLY MANUFACTURING
SAN MARCOS, CA 92069

SBA Loan Lender

WELLS FARGO BANK
5611 PALMER WAY, STE G
CARLSBAD, CA 92008

This lender provides SBA guaranteed 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

327113 - Porcelain Electrical Supply Manufacturing

Loan Approval Date

7/1/2005

Loan Approval Gross Amount

$1,050,000

Loan Approval from the SBA

Of the total $1,050,000 loan amount, the SBA guaranteed $787,500.

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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in San Marcos CA, you ought to talk with a local San Marcos SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Marcos businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Getting a Small Business Loan

SBA Participating Banks in Carlsbad, California

SBA Participating Banks in California