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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Escondido, Business Loans > Wells Fargo Bank Escondido Business Loans > Cable And Other Pay Television Services Loan | ||||
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California Bank SBA Loans
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Wells Fargo Bank SBA Loan to Cable And Other Pay Television Services CompanyLooking to get a California business loan? Here's one California business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lemon Grove, California was able to borrow $171,700 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $128,775 of this California small business loan. SBA Loan Borrower COMPANY TYPE: CABLE AND OTHER PAY TELEVISION SERVICES 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. SIC Code 4841 - Cable and Other Pay Television Services Loan Approval Date 1/5/2000 Loan Approval Gross Amount $171,700 Loan Approval from the SBA Of the total $171,700 loan amount, the SBA guaranteed $128,775. 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 SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks for Small Business in Escondido, California
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