Financing for Gift, Novelty, and Souvenir Stores

Looking for loans for gift, novelty, and souvenir stores? The SBA may be the answer. This $347,500 gift, novelty, and souvenir stores loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Lincoln City (oceanlake), Oregon, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Wells Fargo Bank, based in San Jose, California.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
LINCOLN CITY (OCEANLAKE), OR 97367

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

7/20/2006

Loan Approval Gross Amount

$347,500

Loan Approval from the SBA

Of the total $347,500 loan amount, the SBA guaranteed $260,625.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Lincoln City (oceanlake) OR, you ought to talk with a local Lincoln City (oceanlake) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lincoln City (oceanlake) businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Understanding Dilution

Small Business Banks in San Jose, California

California SBA Bank Lenders