Business Loan from Wells Fargo Bank, Ltd. Given to Homes For The Elderly Company

Wells Fargo Bank, Ltd. has a track record as a leading provider of SBA loans. Find out how this California entrepreneur received an SBA loan from them.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Wells Fargo Bank, Ltd., out of Los Angeles, California. The loan was granted and they received $638,000 to help grow their Coarsegold, California business.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
COARSEGOLD, CA 93614

SBA Loan Lender

WELLS FARGO BANK, LTD.
707 WILSHIRE BLVD
LOS ANGELES, CA 90017

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

12/16/2004

Loan Approval Gross Amount

$638,000

Loan Approval from the SBA

Of the total $638,000 loan amount, the SBA guaranteed $478,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank, Ltd. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Realistic Debt Financing Options

SBA Banks in Los Angeles, California

California SBA 7A Lenders