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November 14, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Roseville, Business Loans > Wachovia Sba Lending, Inc. Roseville Business Loans > Spice And Extract Manufacturing Loan | ||||
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I Need an SBA Loan in Newman, California
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Get an SBA Loan for Spice and Extract ManufacturingLooking for loans for spice and extract manufacturing? An SBA loan may be just what you've been looking for. This $592,600 spice and extract manufacturing loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newman, California was able to borrow $592,600 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $444,450 of this California small business loan. SBA Loan Borrower COMPANY TYPE: SPICE AND EXTRACT MANUFACTURING SBA Loan Lender WACHOVIA SBA LENDING, INC. 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 311942 - Spice and Extract Manufacturing Loan Approval Date 3/20/2001 Loan Approval Gross Amount $592,600 Loan Approval from the SBA Of the total $592,600 loan amount, the SBA guaranteed $444,450. 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 12 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 12 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We've showcased information on this loan to let you know that businesses like yours 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: How Much Venture Capital Is There? Best Roseville, California Banks for Small Business
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