Bank Loans for Plastics Pipe and Pipe Fitting Manufacturing
Looking for bank loans for plastics pipe and pipe fitting manufacturing? An SBA loan may be just what you've been looking for. This $630,500 plastics pipe and pipe fitting manufacturing loan was issued by a California bank.
This small firm knew how to go about getting a business bank loan. Based in Oceanside, California, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Wells Fargo Bank, based in San Jose, California.
SBA Loan Borrower
COMPANY TYPE: PLASTICS PIPE AND PIPE FITTING MANUFACTURING
OCEANSIDE, CA 92056
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
326122 - Plastics Pipe and Pipe Fitting Manufacturing
Loan Approval Date
2/2/2007
Loan Approval Gross Amount
$630,500
Loan Approval from the SBA
Of the total $630,500 loan amount, the SBA guaranteed $472,875.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 14 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 14 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
This SBA loan was for $630,500. How would you spend $630,500 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.
Related Links:
Choosing VC Firms
Who Lends Money to Small Businesses in San Jose, California
SBA California Banks