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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Metal Stamping Loan | ||||
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Wells Fargo Bank SBA 7A Loans
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Business Loans for Metal StampingLooking for business loans for metal stamping? The SBA may be the answer. This $856,000 metal stamping loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fremont (centerville), California was able to borrow $856,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $642,000 of this California small business loan. SBA Loan Borrower COMPANY TYPE: METAL STAMPING SBA Loan Lender WELLS FARGO BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332116 - Metal Stamping Loan Approval Date 9/25/2001 Loan Approval Gross Amount $856,000 Loan Approval from the SBA Of the total $856,000 loan amount, the SBA guaranteed $642,000. 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 8 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source This SBA loan was for $856,000. How would you spend $856,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dealing With Venture Capitalists SBA 7A Banks for San Jose, California Loans
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