Nonferrous Foundries Business Loans

With these business loans for nonferrous foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous foundries loan for $1,250,000 was given to a California entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Berkeley, California, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wells Fargo Bank, based in Lodi, California.

SBA Loan Borrower

COMPANY TYPE: ALUMINUM DIE-CASTINGS
BERKELEY, CA 94710

SBA Loan Lender

WELLS FARGO BANK
701 S HAM LN
LODI, CA 95242

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3363 - Aluminum Die-Castings

NAICS Code

331528 - Nonferrous Foundries

Loan Approval Date

2/4/2002

Loan Approval Gross Amount

$1,250,000

Loan Approval from the SBA

Of the total $1,250,000 loan amount, the SBA guaranteed $937,500.

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 60 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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