SBA Loan from Wells Fargo Bank Helps Specialty Trade Contractors Company

An SBA loan from Wells Fargo Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bell, California business owner got a $542,700 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bell, California was able to borrow $542,700 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $407,025 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
Bell, CA 90201

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

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

238990 - Specialty Trade Contractors

Loan Approval Date

3/28/2007

Loan Approval Gross Amount

$542,700

Loan Approval from the SBA

Of the total $542,700 loan amount, the SBA guaranteed $407,025.

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 12 employees. The loan application indicated that the loan would help retain 12 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Bell CA, you ought to talk with a local Bell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bell businesses.

This SBA loan was for $542,700. How would you spend $542,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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