Commercial Loans for Game, Toy, and Children's Vehicle Manufacturing

With these commercial loans for game, toy, and children's vehicle manufacturing, the SBA guarantees the lender that the loan will be repaid. This game, toy, and children's vehicle manufacturing loan for $522,100 was given to an Utah entrepreneur in 2000.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of Salt Lake City, Utah. The loan was granted and they received $522,100 to help grow their Salt Lake City, Utah business.

SBA Loan Borrower

COMPANY TYPE: GAME, TOY, AND CHILDREN'S VEHICLE MANUFACTURING
SALT LAKE CITY, UT 84119

SBA Loan Lender

WELLS FARGO BANK
405 S MAIN ST
SALT LAKE CITY, UT 84111

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339932 - Game, Toy, and Children's Vehicle Manufacturing

Loan Approval Date

11/17/2000

Loan Approval Gross Amount

$522,100

Loan Approval from the SBA

Of the total $522,100 loan amount, the SBA guaranteed $391,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 19 employees. The loan application indicated that the loan would help generate 1 new job and retain 18 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.

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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