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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Commercial Equipment Loan | ||||
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San Jose, California SBA Lenders
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San Jose, California Bank Gives SBA Loan to Commercial Equipment CompanyWant to talk with a San Jose, California bank about an SBA loan? Here's one Arizona business loan, issued by a San Jose 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 Phoenix, Arizona. The business was able to get an SBA loan for $292,500. Nice! SBA Loan Borrower COMPANY TYPE: COMMERCIAL EQUIPMENT SBA Loan Lender WELLS FARGO BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5046 - Commercial Equipment NAICS Code 421440 - Commercial Equipment Wholesalers Loan Approval Date 4/9/2002 Loan Approval Gross Amount $292,500 Loan Approval from the SBA Of the total $292,500 loan amount, the SBA guaranteed $219,375. 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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 From a Venture Capitalist Who Lends Money to Small Businesses in San Jose, California
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