Brawley, California Entrepreneur Gets a Bank Loan
CaliforniaSBA loans are available to California entrepreneurs through the SBA. In this case, a California bank provides the loan.
You can learn something about getting a small business loan in Brawley, California by studying this loan to a local business, made back in 2002. Banks like Wells Fargo Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
BRAWLEY, CA 92227
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
7/12/2002
Loan Approval Gross Amount
$130,500
Loan Approval from the SBA
Of the total $130,500 loan amount, the SBA guaranteed $110,925.
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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Business Line of Credit
SBA Participating Banks in San Jose, California
Find an SBA Lender in California