 |
 |
November 23, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Arizona Business Loan Sources > Phoenix, Business Loans > Wells Fargo Bank Phoenix Business Loans > Tire And Tube Wholesalers Loan | ||||
 |
||||
SBA Lenders in Phoenix, Arizona
|
||||
 |
Wells Fargo Bank SBA Loan to Tire And Tube Wholesalers CompanyWells Fargo Bank has a track record as a leading provider of SBA loans. Find out how this Arizona entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Phoenix, Arizona, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Wells Fargo Bank, based in Phoenix, Arizona. SBA Loan Borrower COMPANY TYPE: TIRE AND TUBE WHOLESALERS SBA Loan Lender WELLS FARGO BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421130 - Tire and Tube Wholesalers Loan Approval Date 9/30/2002 Loan Approval Gross Amount $1,487,500 Loan Approval from the SBA Of the total $1,487,500 loan amount, the SBA guaranteed $999,897. 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 23 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 23 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Best Banks in Phoenix, Arizona
|
|
||
|
||||
|
|
||||