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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Consumer Electronics And Appliances Rental Loan | ||||
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Texas Small Business Funding
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Consumer Electronics and Appliances Rental Small Business LoansWith these small business loans for consumer electronics and appliances rental, the SBA guarantees the lender that the loan will be repaid. This consumer electronics and appliances rental loan for $176,700 was given to a Texas entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Dumas, Texas was able to borrow $176,700 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $132,525 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: CONSUMER ELECTRONICS AND APPLIANCES RENTAL SBA Loan Lender WELLS FARGO BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532210 - Consumer Electronics and Appliances Rental Loan Approval Date 12/28/2004 Loan Approval Gross Amount $176,700 Loan Approval from the SBA Of the total $176,700 loan amount, the SBA guaranteed $132,525. 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 3 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Dumas or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - Getting Venture Capital SBA Banks in San Jose, California
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