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May 5, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Metal Service Centers And Metal Merchant Wholesalers Loan | ||||
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Raising Money in San Carlos, California With SBA Loans
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Commercial Loans for Metal Service Centers and Metal Merchant WholesalersLooking for commercial loans for metal service centers and metal merchant wholesalers? An SBA loan may be just what you've been looking for. This $445,100 metal service centers and metal merchant wholesalers loan was issued by a South Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Carlos, California was able to borrow $445,100 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $333,825 of this California small business loan. SBA Loan Borrower COMPANY TYPE: METAL SERVICE CENTERS AND METAL MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK This lender provides SBA guaranteed bank 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 423510 - Metal Service Centers and Metal Merchant Wholesalers Loan Approval Date 6/6/2007 Loan Approval Gross Amount $445,100 Loan Approval from the SBA Of the total $445,100 loan amount, the SBA guaranteed $333,825. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Sioux Falls, South Dakota
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