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November 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Decatur, Business Loans > Wells Fargo Bank Decatur Business Loans > Nonferrous Foundries Loan | ||||
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Fort Worth, Texas Bank Loan
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Nonferrous Foundries LoansWith these loans for nonferrous foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous foundries loan for $357,500 was given to a Texas entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Worth, Texas was able to borrow $357,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $268,125 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: NONFERROUS FOUNDRIES 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. SIC Code 3369 - Nonferrous Foundries NAICS Code 331528 - Nonferrous Foundries Loan Approval Date 8/1/2000 Loan Approval Gross Amount $357,500 Loan Approval from the SBA Of the total $357,500 loan amount, the SBA guaranteed $268,125. 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 35 employees. This SBA loan request indicated that the loan would help retain 35 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 From a Venture Capitalist
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