Raising Money for Ceramic Wall and Floor Tile Manufacturing
With these bank loans for ceramic wall and floor tile manufacturing, the SBA guarantees the lender that the loan will be repaid. This ceramic wall and floor tile manufacturing loan for $1,248,900 was given to an Arizona entrepreneur in 2004.
Getting a small business loan in Chandler, Arizona was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: CERAMIC WALL AND FLOOR TILE MANUFACTURING
CHANDLER, AZ 85224
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This lender provides SBA guaranteed business 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
327122 - Ceramic Wall and Floor Tile Manufacturing
Loan Approval Date
8/5/2004
Loan Approval Gross Amount
$1,248,900
Loan Approval from the SBA
Of the total $1,248,900 loan amount, the SBA guaranteed $936,675.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 42 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 42 existing jobs.
Next Steps for Getting an SBA Loan
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This SBA loan was for $1,248,900. How would you spend $1,248,900 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.
Related Links:
Accountant's Role in Securing Financing
Small Business Banks in San Jose, California
Getting an SBA Loan in California