Loan Census Banking News and Information
November 22, 2024  
 
 
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We Needed an SBA 7A Loan in Compton, California and We Got One!

 

 
Loan Census SBA Loan Info

Where to Get Capital for Stationery and Office Supplies Wholesalers

Looking for small business loans for stationery and office supplies wholesalers? Talk to a banker who works with the SBA. This $1,021,500 stationery and office supplies wholesalers loan was issued by a California bank.

Getting a small business loan in Compton, California was important for this growing firm back in 2002 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 California small business loan.

SBA Loan Borrower

COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES WHOLESALERS
COMPTON, CA 90220

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422120 - Stationery and Office Supplies Wholesalers

Loan Approval Date

6/18/2002

Loan Approval Gross Amount

$1,021,500

Loan Approval from the SBA

Of the total $1,021,500 loan amount, the SBA guaranteed $766,125.

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 15 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Find Start-Up Capital

SBA Approved Banks in San Jose, California

California SBA 7A Lenders