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December 22, 2024  
 
 
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Wells Fargo Bank Business Loan

 

 
Loan Census SBA Loan Info

SBA Loan from Wells Fargo Bank Helps Ambulatory Health Care Services 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 Newport Beach, California business owner got a $925,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Newport Beach, California was able to borrow $925,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $693,750 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: AMBULATORY HEALTH CARE SERVICES
Newport Beach, CA 92660

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621999 - Ambulatory Health Care Services

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$925,000

Loan Approval from the SBA

Of the total $925,000 loan amount, the SBA guaranteed $693,750.

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 10 employees. This SBA loan request indicated that the loan would help create 10 new jobs.

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.

While you may be able to find business people willing to loan money, 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:

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SBA Participating Banks in Sioux Falls, South Dakota

SBA Participating Banks in South Dakota