Small Business Loans for Metal Stamping

Looking for small business loans for metal stamping? Talk to a banker who works with the SBA. This $255,800 metal stamping loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belmont, California was able to borrow $255,800 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $191,850 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: METAL STAMPING
BELMONT, CA 94002

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332116 - Metal Stamping

Loan Approval Date

7/19/2002

Loan Approval Gross Amount

$255,800

Loan Approval from the SBA

Of the total $255,800 loan amount, the SBA guaranteed $191,850.

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. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Wells Fargo Bank 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:

Small Business Credit Cards

Where to Get an SBA Loan in San Jose, California

SBA Lenders in California