Borrowing Money for Confectionery Merchant Wholesalers

With these bank loans for confectionery merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This confectionery merchant wholesalers loan for $500,000 was given to an Arizona entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mesa, Arizona was able to borrow $500,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $375,000 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY
MESA, AZ 85213

SBA Loan Lender

WELLS FARGO BANK
177 PARK AVE, STE 300, A-0514
SAN JOSE, CA 95113

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5145 - Confectionery

NAICS Code

424450 - Confectionery Merchant Wholesalers

Loan Approval Date

2/27/2003

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 25 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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