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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Carlsbad, Business Loans > Wells Fargo Bank Carlsbad Business Loans > Plastics Bag And Pouch Manufacturing Loan | ||||
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Banks in Carlsbad, California That Make SBA Loans
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Carlsbad, California Bank Gives SBA Loan to Plastics Bag And Pouch Manufacturing CompanyThinking about meeting with a Carlsbad, California bank about a small business loan? Here's one California business loan, issued by a Carlsbad bank, that was approved by the SBA. Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local firm in National City, California. They received an SBA loan for $1,600,000. Awesome! SBA Loan Borrower COMPANY TYPE: PLASTICS BAG AND POUCH MANUFACTURING SBA Loan Lender WELLS FARGO BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326111 - Plastics Bag and Pouch Manufacturing Loan Approval Date 6/29/2004 Loan Approval Gross Amount $1,600,000 Loan Approval from the SBA Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - Friends and Family SBA 7A Banks for Carlsbad, California Loans
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