Wells Fargo Bank SBA Loan to Drinking Places Company

Wells Fargo Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one California entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Roseville, California was able to borrow $121,800 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $103,530 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
ROSEVILLE, CA 95661

SBA Loan Lender

WELLS FARGO BANK
2000 DOUGLAS BLVD
ROSEVILLE, CA 95661

This debt financing 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

5813 - Drinking Places

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/28/2003

Loan Approval Gross Amount

$121,800

Loan Approval from the SBA

Of the total $121,800 loan amount, the SBA guaranteed $103,530.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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 $121,800 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.

Related Links:

Business Credit Evaluation

Who Lends Money to Small Businesses in Roseville, California

California SBA 7A Lenders