Growing Company Gets a California Business Loan
CaliforniaBank loans are available to California firms through the SBA. In this case, a California bank provides the loan.
Getting a small business loan in Pasadena, California was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank. Here are the details on this California small business loan.
SBA Loan Borrower
COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION
PASADENA, CA 91106
SBA Loan Lender
WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
237990 - Heavy and Civil Engineering Construction
Loan Approval Date
10/14/2005
Loan Approval Gross Amount
$325,000
Loan Approval from the SBA
Of the total $325,000 loan amount, the SBA guaranteed $162,500.
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 80 employees. The SBA loan documents indicated that the loan would help retain 80 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $325,000 loan. Remember, if it to be, it is up to me!
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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