Machine Shops Business Loans

With these business loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $819,200 was given to a California entrepreneur in 2007.

Getting a small business loan in Chula Vista, California was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Sioux Falls, South Dakota. Here are the details on this California small business loan.

SBA Loan Borrower

COMPANY TYPE: MACHINE SHOPS
Chula Vista, CA 91911

SBA Loan Lender

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

This lender provides SBA bank 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

332710 - Machine Shops

Loan Approval Date

7/28/2007

Loan Approval Gross Amount

$819,200

Loan Approval from the SBA

Of the total $819,200 loan amount, the SBA guaranteed $614,400.

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 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Chula Vista CA, you ought to talk with a local Chula Vista SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chula Vista businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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Banks in Sioux Falls, South Dakota

South Dakota SBA 7A Banks