Wells Fargo Bank SBA Loan to Commercial Printing Company

Looking to get a Tennessee business loan? Here's one Tennessee business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nashville, Tennessee was able to borrow $285,500 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $214,125 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PRINTING
NASHVILLE, TN 37217

SBA Loan Lender

WELLS FARGO BANK
3660 HAMPTON DR
MISSOURI CITY, TX 77459

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$285,500

Loan Approval from the SBA

Of the total $285,500 loan amount, the SBA guaranteed $214,125.

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 6 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $285,500. How would you spend $285,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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