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April 29, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Electroplating, Plating, Polishing And Anodizing Loan | ||||
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I Need a Business Loan in Santa Ana, California
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Bank Loans for Electroplating, Plating, Polishing, Anodizing, and ColoringWith these bank loans for electroplating, plating, polishing, anodizing, and coloring, the SBA guarantees the lender that the loan will be repaid. This electroplating, plating, polishing, anodizing, and coloring loan for $150,000 was given to a California entrepreneur in 2000. Getting a small business loan in Santa Ana, California was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: ELECTROPLATING, PLATING, POLISHING AND ANODIZING SBA Loan Lender WELLS FARGO BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 3471 - Electroplating, Plating, Polishing and Anodizing NAICS Code 332813 - Electroplating, Plating, Polishing, Anodizing, and Coloring Loan Approval Date 3/15/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Banks in San Jose, California
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