Sporting and Athletic Goods Manufacturing Commercial Loans
Looking for commercial loans for sporting and athletic goods manufacturing? The SBA may be the answer. This $100,000 sporting and athletic goods manufacturing loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chula Vista, California was able to borrow $100,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $50,000 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
CHULA VISTA, CA 91915
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
339920 - Sporting and Athletic Goods Manufacturing
Loan Approval Date
2/14/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 7 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 11 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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