 |
 |
December 23, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Indiana Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Metal Household Furniture Manufacturing Loan | ||||
 |
||||
Indiana Small Business Funding
|
||||
 |
Where to Get Capital for Metal Household Furniture ManufacturingLooking for small business loans for metal household furniture manufacturing? The SBA may be the answer. This $798,000 metal household furniture manufacturing loan was issued by a California bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Wachovia Sba Lending, Inc., out of Roseville, California. The loan was granted and they received $798,000 to help grow their Indianapolis, Indiana business. SBA Loan Borrower COMPANY TYPE: METAL HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender WACHOVIA SBA LENDING, INC. This lender provides SBA business 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 337124 - Metal Household Furniture Manufacturing Loan Approval Date 1/2/2004 Loan Approval Gross Amount $798,000 Loan Approval from the SBA Of the total $798,000 loan amount, the SBA guaranteed $598,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 1 new job and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Bank Loans in Roseville, California SBA Participating Banks in California
|
|
||
|
||||
|
|
||||