SBA Loan from Wells Fargo Bank Helps Furniture Stores Company
An SBA loan from Wells Fargo Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Michigan City, Indiana business owner got a $25,000 loan.
Getting a small business loan in Michigan City, Indiana was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of San Jose, California. Here are the details on this Indiana small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
MICHIGAN CITY, IN 46360
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
442110 - Furniture Stores
Loan Approval Date
9/26/2003
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Michigan City IN, you ought to talk with a local Michigan City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Michigan City businesses.
We can help you find the best banks for small businesses in Michigan City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
504 Loans
SBA Approved Banks in San Jose, California
Getting an SBA Loan in California